What does Preamble of Protect Small Businesses from Excessive Paperwork Act of 2025 do?

This bill amends title 31, United States Code. The bill modifies the deadline for filing beneficial ownership information reports. The modification applies to reporting companies formed or registered before January 1, 2024.

What does SHORT TITLE. of Protect Small Businesses from Excessive Paperwork Act of 2025 do?

This bill is formally titled the Protect Small Businesses from Excessive Paperwork Act of 2025.

What does MODIFICATION TO FILING DEADLINE FOR CERTAIN PRE-EXISTING of Protect Small Businesses from Excessive Paperwork Act of 2025 do?

This section modifies Section 5336(b)(1)(B) of title 31, United States Code. The modification changes a filing deadline. The original deadline 'before the effective date of the regulations prescribed under this subsection...not later than 2 years after the effective date of the regulations' is replaced with 'before January 1, 2024, shall, not later than January 1, 2026'. The bill passed the House of Representatives on February 10, 2025.

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Protect Small Businesses from Excessive Paperwork Act of 2025

Last updated: 2/11/2025 · Introduced: 1/24/2025

Author: Zachary Nunn (R-IA)

TL;DR (AI)

This bill amends Title 31 of the United States Code to modify beneficial ownership information reporting requirements.
The bill extends the filing deadline for beneficial ownership information reports to January 1, 2026, for reporting companies established or registered before January 1, 2024.
This legislation specifically alters the existing deadline within Section 5336(b)(1)(B) of Title 31.

119th Congresspassed houseOfficial page

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Includes provisions on preamble, short title., and 1 more.

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