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119th Congress · H.R. 736 · Passed Origin

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.

Full bill text →

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SubjectsBusiness recordsCorporate finance and managementLicensing and registrationsSmall business
Sponsor
Zachary (Zach) M. Nunn, R-IA-3
2 terms · @ZachNunn
Official website ↗
1410 Longworth House Office Building Washington DC 20515-1503 · 202-225-5476
Cosponsors (12)
  • Sharice Davids, D-KS-3Original cosponsor
    Co-sponsored Jan 24, 2025 · 4 terms · @RepDavids
  • Tom Emmer, R-MN-6Original cosponsor
    Co-sponsored Jan 24, 2025 · 6 terms · @RepTomEmmer
  • Donald G. Davis, D-NC-1Original cosponsor
    Co-sponsored Jan 24, 2025 · 2 terms · @RepDonDavis
  • Bill Huizenga, R-MI-4
    Co-sponsored Jan 28, 2025 · 8 terms · @RepHuizenga
  • Maria E. Salazar, R-FL-27
    Co-sponsored Jan 28, 2025 · 3 terms · @RepMariaSalazar
  • Marlin A. Stutzman, R-IN-3
    Co-sponsored Feb 4, 2025 · 5 terms · @RepStutzman
  • Mónica De La Cruz, R-TX-15
    Co-sponsored Feb 4, 2025 · 2 terms · @RepMonicaDLC
  • Garland Barr, R-KY-6
    Co-sponsored Feb 4, 2025 · 7 terms · @RepAndyBarr
  • Michelle L. Fischbach, R-MN-7
    Co-sponsored Feb 5, 2025 · 3 terms · @RepFischbach
  • Bryan Steil, R-WI-1
    Co-sponsored Feb 6, 2025 · 4 terms · @RepBryanSteil
  • Daniel Meuser, R-PA-9
    Co-sponsored Feb 7, 2025 · 4 terms · @RepMeuser
  • Troy B. Downing, R-MT-2
    Co-sponsored Feb 7, 2025 · 1 term · @reptroydowning
Committees (2)
  • Banking, Housing, and Urban Affairs Committee
    Senate Standing · Activity Feb 11, 2025
  • Financial Services Committee
    House Standing · Activity Jan 24, 2025
Actions (12)
  1. Feb 11, 2025 · via Senate
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Feb 10, 2025 · via House floor actions
    Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 10, 2025 · via House floor actions
    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
  4. Feb 10, 2025 · via Library of Congress
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
  5. Feb 10, 2025 · via House floor actions
    Considered as unfinished business. (consideration: CR H606)
  6. Feb 10, 2025 · via House floor actions
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  7. Feb 10, 2025 · via House floor actions
    DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
  8. Feb 10, 2025 · via House floor actions
    Considered under suspension of the rules. (consideration: CR H599-601)
  9. Feb 10, 2025 · via House floor actions
    Mr. Hill (AR) moved to suspend the rules and pass the bill.
  10. Jan 24, 2025 · via House floor actions
    Referred to the House Committee on Financial Services.
  11. Jan 24, 2025 · via Library of Congress
    Introduced in House
  12. Jan 24, 2025 · via Library of Congress
    Introduced in House
IntroducedJan 24, 2025
Policy areaFinance and Financial Sector
RelatedS. 505
SourceView on Congress.gov ↗
Bill textRead full text →

Constitutional authority cited

[Congressional Record Volume 171, Number 15 (Friday, January 24, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NUNN of Iowa:H.R. 736.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionTo make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H395]
⎔ AnchoredNothing is troublesome that we do willingly.Epoch 2026-Q4