This bill extends the deadline for certain businesses to report their ownership information to the government. It aims to ease the paperwork requirements for small businesses formed before 2024.
Protect Small Businesses from Excessive Paperwork Act of 2025This bill extends the deadline for certain companies that are required to file beneficial ownership information with the Financial Crimes Enforcement Network (Fin CEN). Specifically, the bill requires companies formed or registered before January 1, 2024, to submit this information to Fin CEN by January 1, 2026, instead of by January 1, 2025, as required under current regulations.
