To amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes.

Bill: 118-hr-9278
Sponsor: full_name: Rep. Nunn, Zachary [R-IA-3]
Introduced: 2024-08-02
Policy area: Commerce
Latest action: action_date: 2024-08-02
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9278 IN THE HOUSE OF REPRESENTATIVES August 2, 2024 Mr. Nunn of Iowa (for himself, Ms. Caraveo , Mr. Hill , and Ms. Davids of Kansas ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes.

1. Small Business beneficial ownership reporting extension Section 5336(b)(1)(B) of title 31, United States Code, is amended by inserting after paragraph (2) the following: , except that any such reporting company that is a small business concern (as defined under section 3 of the Small Business Act ( 15 U.S.C. 632 )) shall submit to FinCEN a report that contains such information during the period beginning on the effective date of the regulations prescribed under this subsection and ending on December 31, 2025 .