S. 505 · 119th Congress
‘Protect Small Businesses from Excessive Paperwork Act of 2025
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Not yet voted on. This bill is still a proposal: it hasn't reached a floor vote, and its text can change in committee or on the floor before any vote.
R
ScottSponsor12 cosponsors · 12 R
R
Banks
KB
R
Britt
KC
R
Cramer
BH
R
Hagerty
CL
R
Lummis
JL
R
Lankford
JM
R
Moran
MR
R
Rounds
PR
R
Ricketts
TT
R
Tillis
BM
R
Moreno
MC
R
Crapo10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Protect Small Businesses from Excessive Paperwork Act of 2025
What it does: CRS summary · Introduced in Senate · Feb 11, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: ‘Protect Small Businesses from Excessive Paperwork Act of 2025
Latest action (Feb 11, 2025): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Feb 11, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.