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S. 2623 118th Congress Senate

Protecting Small Business Information Act of 2023

Official title: A bill to require the Secretary of the Treasury to harmonize the effective dates of all rules that the Secretary is required to issue under the Corporate Transparency Act, and for other purposes.

Introduced: January 18, 2024 Introduced by: Mike Rounds Republican · South Dakota See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2023
Introduced in Senate
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 Latest action July 27, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Protecting Small Business Information Act of 2023

This bill requires the Department of the Treasury to ensure all rules issued under the Corporate Transparency Act have the same effective date. Any final rules already issued must not take effect until all final rules under the act have been issued. The act requires companies to report beneficial ownership information (i.e., the identity of individuals behind a corporate entity) to the Financial Crimes Enforcement Network (FinCEN).  

 Related & companion bills 1
  • HR 4035 Protecting Small Business Information Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4
R
Hagerty, Bill
Tennessee · Jan 18, 2024
 R
Scott, Rick
Florida · Dec 12, 2023
 R
Sullivan, Dan
Alaska · Dec 12, 2023
 R
Tillis, Thomas
North Carolina · Nov 29, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2623: Protecting Small Business Information Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-2623/
MLA
"S. 2623: Protecting Small Business Information Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2623/.
Bluebook (legal)
S. 2623, 118th Cong. (2026), https://openamerica.io/bill/118-S-2623/.
Markdown link
[S. 2623: Protecting Small Business Information Act of 2023](https://openamerica.io/bill/118-S-2623/)
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