arrow_back Back to App

Small Business Relief: Extended Deadline for Ownership Information Reports

This new law gives small businesses more time to report their ownership information. Instead of the previous deadline, companies formed before January 1, 2024, now have until January 1, 2026. This means less paperwork and more time for many entrepreneurs to comply with new regulations.
Key points
Extends the deadline for beneficial ownership information reports for companies formed before January 1, 2024, to January 1, 2026.
Reduces administrative burden for small businesses.
article Official text account_balance Process page
VOTING RESULTS
2025-02-10
100%
For 408
Against 0
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_736
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-01-24
Voting date: 2025-02-10
Meeting no: 1
Voting no: 37
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Protect Small Businesses from Excessive Paperwork Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_736.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-24.

What are the main provisions?

Key points include:

  • Extends the deadline for beneficial ownership information reports for companies formed before January 1, 2024, to January 1, 2026.
  • Reduces administrative burden for small businesses.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: 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)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Courts and Law