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H.R. 736: Protect Small Businesses from Excessive Paperwork Act of 2025

119th Congress · introduced 2025-01-24 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

What does this mean?

Official title

Protect Small Businesses from Excessive Paperwork Act of 2025

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Protect Small Businesses from Excessive Paperwork Act of 2025

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Rep. Nunn, Zachary [R-IA-3] · 12 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Sharice Davids (D-KS), Tom Emmer (R-MN), Donald G. Davis (D-NC), Bill Huizenga (R-MI), Maria Elvira Salazar (R-FL), Marlin A. Stutzman (R-IN), Monica De La Cruz (R-TX), Andy Barr (R-KY), Michelle Fischbach (R-MN), Bryan Steil (R-WI), Daniel Meuser (R-PA), Troy Downing (R-MT)

Sponsor's campaign money: Rep. Nunn, Zachary [R-IA-3] reported raising $6.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr736 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills