Protect Small Business and Prevent Illicit Financial Activity Act

3.0.0 5119 2025-12-05T09:00:47Z 2025-12-05T09:00:47Z House H HR 2023-08-01 118 https://www.congress.gov/bill/118th-congress/house-bill/5119 <pre>[Congressional Record Volume 169, Number 132 (Tuesday, August 1, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. NUNN of Iowa:H.R. 5119.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18:To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States,The single subject of this legislation is:To amend title 31, United States Code, to provide smallbusinesses with additional time to file beneficial ownershipinformation, and for other purposes.[Page H4159]</pre> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-12-13T16:37:22Z hsba00 Financial Services Committee House Standing Reported By 2023-12-11T17:33:34Z Markup By 2023-09-20T13:58:00Z Referred To 2023-08-01T19:04:10Z H. Rept. 118-303 Protect Small Business and Prevent Illicit Financial Activity Act 118 3625 S 2024-01-18 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2023-12-13 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-12-12 14:21:46 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2023-12-12 14:21:45 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 420 - 1 (Roll no. 713). (text: 12/11/2023 CR H6752) Floor H37300 2 House floor actions 713 https://clerk.house.gov/evs/2023/roll713.xml House 118 2023-12-12T19:21:45Z 1 2023-12-12 14:21:45 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 420 - 1 (Roll no. 713). (text: 12/11/2023 CR H6752) Floor 8000 9 Library of Congress 713 https://clerk.house.gov/evs/2023/roll713.xml House 118 2023-12-12T19:21:45Z 1 2023-12-12 14:15:33 Considered as unfinished business. (consideration: CR H6834-6835) Floor H30000 2 House floor actions 2023-12-11 14:58:27 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2023-12-11 14:49:25 DEBATE - The House proceeded with forty minutes of debate on H.R. 5119. Floor H8D000 2 House floor actions 2023-12-11 14:49:24 Considered under suspension of the rules. (consideration: CR H6752-6753) Floor H30000 2 House floor actions 2023-12-11 14:49:08 Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2023-12-11 Placed on the Union Calendar, Calendar No. 244. Calendars H12410 2 House floor actions U00244 2023-12-11 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-303. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2023-12-11 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-303. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2023-09-20 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0. Committee 2023-09-20 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held Committee 2023-08-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-08-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-08-01 Introduced in House IntroReferral 1000 9 Library of Congress N000193 Rep. Nunn, Zachary [R-IA-3] Zachary Nunn R IA 3 N B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2023-08-01 True M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2023-09-18 False S000344 Rep. Sherman, Brad [D-CA-32] BRAD SHERMAN D CA 32 2023-09-20 False 2023-11-06T21:06:00Z H.R. 5119, Protect Small Business and Prevent Illicit Financial Activity Act https://www.cbo.gov/publication/59735 As reported by the House Committee on Financial Services on September 20, 2023 Commerce Business records 2023-10-17T18:45:15Z Fraud offenses and financial crimes 2023-10-17T18:45:15Z Small business 2023-10-17T18:45:15Z Commerce 2023-09-01T15:30:24Z

00 2023-08-01 Introduced in House 2023-12-11T20:12:56Z Protect Small Business and Prevent Illicit Financial Activity Act This bill revises the requirements for small U.S. companies to report certain beneficial ownership information that take effect on January 1, 2024. Beneficial ownership information includes the identity of an individual behind a corporate entity. The bill extends the deadline for companies to report ownership information to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Specifically, existing companies must file their initial ownership report within two years (current regulations require the report within one year). New companies must file their initial ownership report within 90 days (current regulations require the report within 30 days). Companies must report updates or changes in ownership within 90 days (current regulations require companies to report such changes within 30 days).

07 2023-12-11 Reported to House 2023-12-26T23:49:49Z Protect Small Business and Prevent Illicit Financial Activity Act This bill revises the requirements for small U.S. companies to report certain beneficial ownership information that take effect on January 1, 2024. Beneficial ownership information includes the identity of an individual behind a corporate entity. The bill extends the deadline for companies to report ownership information to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Specifically, existing companies must file their initial ownership report within two years (current regulations require the report within one year). New companies must file their initial ownership report within 90 days (current regulations require the report within 30 days). Companies must report updates or changes in ownership within 90 days (current regulations require companies to report such changes within 30 days).

53 2023-12-12 Passed House 2023-12-26T15:28:41Z Protect Small Business and Prevent Illicit Financial Activity Act This bill revises the requirements for small U.S. companies to report certain beneficial ownership information that take effect on January 1, 2024. Beneficial ownership information includes the identity of an individual behind a corporate entity. The bill extends the deadline for companies to report ownership information to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Specifically, existing companies must file their initial ownership report within two years (current regulations require the report within one year). New companies must file their initial ownership report within 90 days (current regulations require the report within 30 days). Companies must report updates or changes in ownership within 90 days (current regulations require companies to report such changes within 30 days).

Protect Small Business and Prevent Illicit Financial Activity Act Display Title 45 Protect Small Business and Prevent Illicit Financial Activity Act 2024-07-24T15:18:21Z Short Titles from RFS (Referred to Senate) bill text 255 Protect Small Business and Prevent Illicit Financial Activity Act 2024-07-24T15:13:30Z S Senate Referred in Senate RFS Short Title(s) as Introduced 101 Protect Small Business and Prevent Illicit Financial Activity Act 2024-05-24T13:37:06Z Introduced in House IH Short Title(s) as Reported to House 102 Protect Small Business and Prevent Illicit Financial Activity Act 2024-05-24T13:35:06Z H House Reported in House RH Short Title(s) as Passed House 104 Protect Small Business and Prevent Illicit Financial Activity Act 2024-05-24T13:35:03Z H House Engrossed in House EH Official Title as Introduced 6 To amend title 31, United States Code, to provide small businesses with additional time to file beneficial ownership information, and for other purposes. 2024-03-18T21:16:44Z Introduced in House IH Referred in Senate 2023-12-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5119rfs/xml/BILLS-118hr5119rfs.xml Engrossed in House 2023-12-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5119eh/xml/BILLS-118hr5119eh.xml Reported in House 2023-12-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5119rh/xml/BILLS-118hr5119rh.xml Introduced in House 2023-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5119ih/xml/BILLS-118hr5119ih.xml 2023-12-13 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.