HR 736 sets January 1, 2026 deadline for small business ownership filings
Passed one chamberH.R. 736Latest action
Sponsor: Zachary Nunn · Representative · IA
AIDecoded by AI · checked against the recordRead the official text
Official title: Protect Small Businesses from Excessive Paperwork Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 736 gives small businesses registered before 2024 until January 1, 2026 to file federal ownership reports.
45-second read · 4 questions answered below
What does this do?
HR 736 changes one deadline in an existing federal reporting rule that requires many businesses to file a report listing their real owners. Businesses registered before January 1, 2024 would have until January 1, 2026 to submit that ownership information to the federal government. The bill does not eliminate the reporting requirement, only adjusts when older businesses must comply with it.
Who does it affect?
This bill directly affects owners of smaller LLCs, corporations, and similar businesses that were registered before 2024. Larger corporations are generally exempt from this reporting requirement and are not affected by the change.
Why does it matter?
The original deadline was tied to when the regulation was officially published rather than a fixed calendar date, which caused confusion among businesses subject to the rule. Setting a specific date clarifies when compliance is required for businesses that were already operating before the rule took effect in 2024.
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Where does it stand?
- IntroducedJan 24, 2025
- House committee
- House vote
- SenateYou are here · Feb 11, 2025
- The president's desk
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Recorded votes
Roll-call votes recorded since January 3, 2025.
House · · Roll call 37
As recorded
- Question
- On Motion to and Pass
- Result:
- Passed
- 408
- Nay
- 0
- 0
- 25
Republicans 207 yes, 11 not voting · Democrats 201 yes, 14 not voting
Official recordHow members voted
The official record lists how each member voted.Official record