United States · Bill · S
S. 505 (119th)
‘Protect Small Businesses from Excessive Paperwork Act of 2025
Introduced
11 February 2025
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
26 September 2025
Summary
Protect Small Businesses from Excessive Paperwork Act of 2025 This bill extends the deadline for certain companies that are required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Specifically, the bill requires companies formed or registered before January 1, 2024, to submit this information to FinCEN by January 1, 2026, instead of by January 1, 2025, as required under current regulations.
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Documents
2 official files
Introduced in Senate
Introduced in Senate
Introduced in Senate · EN · 11 February 2025
Introduced in Senate
summary · EN · 11 February 2025
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/senate-bill/505
- Open data entity: https://api.congress.gov/v3/bill/119/s/505