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119-hr-736119th CongressWALLET

Protect Small Businesses from Excessive Paperwork Act of 2025

Sponsored By: Representative Nunn, Zachary [R-IA-3]

Passed House

Summary

Sets a fixed beneficial ownership information (BOI) filing deadline of January 1, 2026 for companies formed or registered before January 1, 2024. The bill amends 31 U.S.C. 5336(b)(1)(B) to replace the prior regulation-linked timetable with this single deadline.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Later ownership reporting deadline for businesses

If enacted, companies formed or registered before January 1, 2024 would have until January 1, 2026 to file beneficial ownership information reports. This would replace the prior deadline that depended on Treasury regulation dates. It would not change who must report or what information is required. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Nunn, Zachary [R-IA-3]

IA • R

Cosponsors

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 1/24/2025

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 1/24/2025

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 1/24/2025

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 1/28/2025

  • Rep. Salazar, Maria Elvira [R-FL-27]

    FL • R

    Sponsored 1/28/2025

  • Rep. Stutzman, Marlin A. [R-IN-3]

    IN • R

    Sponsored 2/4/2025

  • Rep. De La Cruz, Monica [R-TX-15]

    TX • R

    Sponsored 2/4/2025

  • Rep. Barr, Andy [R-KY-6]

    KY • R

    Sponsored 2/4/2025

  • Rep. Fischbach, Michelle [R-MN-7]

    MN • R

    Sponsored 2/5/2025

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 2/6/2025

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 2/7/2025

  • Rep. Downing, Troy [R-MT-2]

    MT • R

    Sponsored 2/7/2025

Roll Call Votes

All Roll Calls

Yes: 408 • No: 0

house vote • 2/10/2025

On Motion to Suspend the Rules and Pass

Yes: 408 • No: 0

View on Congress.gov
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