Congress·Passed House·H.R. 736

Congress extends deadline to Jan. 1, 2026 for ownership reporting by companies formed before 2024

Protect Small Businesses from Excessive Paperwork Act of 2025

about 1 year ago·View on Congress.gov

⏸

Stalled

No legislative action in over 90 days.

Legislative Progress

✓ House

Senate

President

Law

Key Points

Congress sets a new deadline of January 1, 2026 for certain business ownership reports.
This applies to companies that were formed or registered before January 1, 2024.
The change gives older, already-existing businesses more time to file required ownership information.
If you run a small company, this could mean less paperwork pressure in the short term and more time to gather documents.

Small BusinessConsumer ProtectionEconomy

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(3)

Small Business Owner

Neutral

Gig Worker

Neutral

Retiree

Neutral

Milestones

3 milestones11 actions

Feb 11, 2025Senate

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

Feb 10, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Feb 10, 2025House

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)

Feb 10, 2025

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)

Feb 10, 2025House

Considered as unfinished business. (consideration: CR H606)

What Happens Next

Projected impacts based on AI analysis

2026-01-01

The filing deadline for covered older companies becomes January 1, 2026.

If you own a company formed or registered before January 1, 2024 and it must report beneficial ownership information, you would need to file by January 1, 2026 to be on time under this change.