[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5422 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5422

To require FinCEN to establish a small business working group, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 12, 2023

  Mr. Williams of Texas (for himself and Mrs. Beatty) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To require FinCEN to establish a small business working group, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Working Group Act''.

SEC. 2. SMALL BUSINESS WORKING GROUPS.

    (a) In General.--Section 310(g)(5)(A) of title 31, United States 
Code, is amended--
            (1) in clause (vi) by striking ``and'' at the end;
            (2) in clause (vii) by striking the period at the end and 
        inserting ``; and''; and
            (3) by inserting the following at the end:
                            ``(viii) each year, hold a small business 
                        working group to--
                                    ``(I) share information about the 
                                effectiveness of beneficial ownership 
                                information;
                                    ``(II) promote coordination between 
                                FinCEN and the small business 
                                community; and
                                    ``(III) and provide guidance to 
                                small businesses about beneficial 
                                ownership reporting obligations.''.
    (b) Appropriations.--No additional amounts may be appropriated to 
carry out the amendments made by subsection (a).
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