118 HR 5422 IH: Small Business Working Group Act U.S. House of Representatives 2023-09-12 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.

I118th CONGRESS1st SessionH. R. 5422IN THE HOUSE OF REPRESENTATIVESSeptember 12, 2023Mr. Williams of Texas (for himself and Mrs. Beatty) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo require FinCEN to establish a small business working group, and for other purposes.

1.

Short title

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

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).