‘Protect Small Businesses from Excessive Paperwork Act of 2025 (S. 505)
Referred to CommitteeLatest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2/11/2025 • Senate
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.
Introduced in Senate • 2/11/2025
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (13)
Party Breakdown
Sponsor
Cosponsors (12)
Bill Journey
Originated in the Senate
Introduced
February 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (1)
Details
Sources and method
· Congress.gov, CRS, USAspending, FEC, LDA · Record updated Sep 26, 2025
- Congress.govLibrary of CongressStatus, actions, sponsors, cosponsors, committees and textRecord updated Sep 26, 2025 · Loaded Nov 1, 2026, 4:38 PM ET
- CRS bill summaryCongressional Research Service, via Congress.govOfficial summarySummary of the “Introduced in Senate” version, Feb 11, 2025 · Loaded Nov 1, 2026, 4:38 PM ET
- USAspending.govU.S. Department of the TreasuryRelated Federal Spending section
- FEC filingsFederal Election CommissionFunding & Lobbying section
- Lobbying disclosures (LDA)Secretary of the Senate and Clerk of the HouseFunding & Lobbying section
All sources: Public domain (17 U.S.C. § 105) · Method: Data sources → · Campaign finance →
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Dates shown where the source reports one. “Loaded” is when CIV.IQ last fetched the record.