H.R. 736: Protect Small Businesses from Excessive Paperwork Act of 2025
Sponsor
Zachary Nunn
Republican · IA-3
What H.R. 736 does
Many companies must report who owns them to the Treasury Department's Financial Crimes Enforcement Network (FinCEN). H.R. 736 would give companies formed or registered before January 1, 2024 until January 1, 2026 to file that ownership information, instead of the January 1, 2025 deadline under current regulations.
How the House voted
Passed · February 10, 2025On Motion to Suspend the Rules and Pass: H R 736 Protect Small Businesses from Excessive Paperwork Act · Roll no. 37 · Official record
HR736 Legislative Journey
Committee Action
Feb 11, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House: Vote: 408-0
Feb 10, 2025
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)
House: Committee Action
Jan 24, 2025
Referred to the House Committee on Financial Services.
About the Sponsor
Zachary Nunn
Republican, Iowa's 3rd congressional district · 3 years in Congress
Committees: House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, Agriculture, Financial Services
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Cosponsors (12)
This bill has 12 cosponsors: 2 Democrats, 10 Republicans, reflecting bipartisan support. Cosponsors represent 11 states: Florida, Indiana, Kansas, and 8 more.
Sharice Davids
Democrat · KS
Tom Emmer
Republican · MN
Donald Davis
Democrat · NC
Bill Huizenga
Republican · MI
Maria Salazar
Republican · FL
Marlin Stutzman
Republican · IN
Monica De La Cruz
Republican · TX
Andy Barr
Republican · KY
Michelle Fischbach
Republican · MN
Bryan Steil
Republican · WI
Daniel Meuser
Republican · PA
Troy Downing
Republican · MT
Committee Sponsors
Banking, Housing, and Urban Affairs Committee
0 of 24 committee members cosponsored
No committee members have cosponsored this bill
Financial Services Committee
9 of 54 committee members cosponsored
34 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
H.R. 736 Quick Facts
- Committee
- Banking, Housing, and Urban Affairs
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- Jan 24, 2025
Passed the House, received in Senate
Feb 11, 2025
H.R. 736 Bill Text
“To amend title 31, United States Code, to modify the deadline for filing beneficial ownership information reports for reporting companies formed or registered before January 1, 2024.”
Source: U.S. Government Publishing Office
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