Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
The bill would amend 31 U.S.C. 5336(b)(1)(B) to change the filing deadline for beneficial ownership information (BOI) reports for companies formed or registered before January 1, 2024. Under the language provided, those pre-existing reporting companies would be required to file BOI reports not later than January 1, 2026.
Liberals emphasize transparency and AML harms from delay
Narrow, low-cost regulatory relief likely to attract bipartisan support in a floor vote.
The bill would amend 31 U.S.C. 5336(b)(1)(B) to change the filing deadline for beneficial ownership information (BOI) reports for companies formed or registered before January 1, 2024.
Under the language provided, those pre-existing reporting companies would be required to file BOI reports not later than January 1, 2026.
The text appears limited to modifying that deadline and contains no other substantive provisions in the supplied excerpt.
A small, non-fiscal technical relief measure with some security-policy controversy; plausible to pass but not guaranteed due to oversight objections.
How solid the drafting looks.
Liberals emphasize transparency and AML harms from delay
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize transparency and AML harms from delay
Likely skeptical or opposed.
Supporters of corporate transparency view BOI reporting as key to fighting illicit finance and tax evasion; delaying filing undermines that goal.
They may sympathize with small business paperwork burdens but see the public-safety costs as greater.
Cautiously open but conditional.
Sees practical value in giving businesses time to comply while wanting protections so the extension doesn't unduly weaken AML efforts.
Would weigh implementation details and oversight assurances.
Likely supportive.
Views extension as sensible regulatory relief for small businesses and a reduction of paperwork burden.
Sees the bill as a narrow, pro-business fix rather than a rollback of enforcement.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
A small, non-fiscal technical relief measure with some security-policy controversy; plausible to pass but not guaranteed due to oversight objections.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize transparency and AML harms from delay
A small, non-fiscal technical relief measure with some security-policy controversy; plausible to pass but not guaranteed due to oversight o…
Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for ‘Protect Small Businesses from Excessive Paperwork Act of 2025.
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