[Congressional Record Volume 170, Number 114 (Wednesday, July 10, 2024)]
[Senate]
[Page S4413]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2169. Mr. SCOTT of South Carolina submitted an amendment intended 
to be proposed by him to the bill S. 4638, to authorize appropriations 
for fiscal year 2025 for military activities of the Department of 
Defense, for military construction, and for defense activities of the 
Department of Energy, to prescribe military personnel strengths for 
such fiscal year, and for other purposes; which was ordered to lie on 
the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. BENEFICIAL OWNERSHIP INFORMATION REPORTING DEADLINES 
                   FOR SMALL BUSINESSES.

       Section 5336(b)(1) of title 31, United States Code, is 
     amended--
       (1) in subparagraph (B)--
       (A) by inserting ``(but which may not adjust the report 
     submission deadline)'' after ``Treasury''; and
       (B) by striking ``in a timely manner, and'';
       (2) in subparagraph (C)--
       (A) by inserting ``(but which may not adjust the report 
     submission deadline)'' after ``Treasury''; and
       (B) by striking ``at the time of'' and inserting ``not 
     later than 90 days after the date of such'';
       (3) in subparagraph (D)--
       (A) by inserting ``(but which may not adjust the report 
     submission deadline)'' after ``Treasury''; and
       (B) by striking ``in a timely manner, and not later than 1 
     year'' and inserting ``not later than 90 days''; and
       (4) by adding at the end the following:
       ``(H) Unable to obtain.--FinCEN may not by rule, guidance, 
     or otherwise, permit a reporting company from submitting a 
     report relating to the inability of the reporting company to 
     obtain or identify information in the alternative to 
     submitting a report required under this subsection.''.
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