S 505 119th Congress Senate Finance and Financial Sector Business records Corporate finance and management Licensing and registrations Small business

‘Protect Small Businesses from Excessive Paperwork Act of 2025

Introduced: February 11, 2025 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 11, 2025

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

Feb 11, 2025

Introduced in Senate

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Plain-English summary Congressional Research Service

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.

What's happening now February 11, 2025

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

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 18

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

EB CONSULTING
for NATIONAL BEER WHOLESALERS ASSOCIATION · Virginia · 2nd Quarter (Apr 1 - June 30) 2026
EB CONSULTING
for NATIONAL BEER WHOLESALERS ASSOCIATION · Virginia · 1st Quarter (Jan 1 - Mar 31) 2026
EB CONSULTING
for NATIONAL BEER WHOLESALERS ASSOCIATION · Virginia · 1st Quarter (Jan 1 - Mar 31) 2026
NATIONAL SMALL BUSINESS ASSOCIATION
for NATIONAL SMALL BUSINESS ASSOCIATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
NATIONAL BEER WHOLESALERS ASSOCIATION
for NATIONAL BEER WHOLESALERS ASSOCIATION · Virginia · 1st Quarter (Jan 1 - Mar 31) 2026
NATIONAL BEER WHOLESALERS ASSOCIATION
for NATIONAL BEER WHOLESALERS ASSOCIATION · Virginia · 4th Quarter (Oct 1 - Dec 31) 2025

See all 18 filings →

Cosponsors 12

Indiana · Feb 11, 2025

Britt, Katie Boyd

Alabama · Feb 11, 2025

Cramer, Kevin

North Dakota · Feb 11, 2025

Hagerty, Bill

Tennessee · Feb 11, 2025

Lankford, James

Oklahoma · Feb 11, 2025

Lummis, Cynthia M.

Wyoming · Feb 11, 2025

Moran, Jerry

Kansas · Feb 11, 2025

Ricketts, Pete

Nebraska · Feb 11, 2025

Rounds, Mike

South Dakota · Feb 11, 2025

Tillis, Thomas

North Carolina · Feb 11, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 505: ‘Protect Small Businesses from Excessive Paperwork Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-505/

MLA

"S. 505: ‘Protect Small Businesses from Excessive Paperwork Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-505/.

Bluebook (legal)

S. 505, 119th Cong. (2026), https://openamerica.io/bill/119-S-505/.

Markdown link

[S. 505: ‘Protect Small Businesses from Excessive Paperwork Act of 2025](https://openamerica.io/bill/119-S-505/)