Search Results for keywords:"beneficial ownership"

Search Results: keywords:"beneficial ownership"

S. 3625 — To amend title 31, United States Code, to provide small businesses with additional time to file beneficial ownership information, and for other purposes.
January 18, 2024
Status:Introduced in Senate
Congress:118
Words:376
S. 3625, titled the “Protect Small Business and Prevent Illicit Financial Activity Act,” seeks to extend the timeframe for small businesses to submit beneficial ownership information. It amends Section 5336(b)(1) of title 31, United States Code, by providing small businesses...
Simple Explanation
In simple terms, this bill wants to give small businesses more time—90 days—to share important information about who owns them, but it also makes it harder for these businesses to ask for more time if they run into problems.
H. R. 8988 — To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals under such Act to foreign-controlled, foreign-influenced, and foreign-owned domestic business entities, and for other purposes.
July 10, 2024
Status:Introduced in House
Congress:118
Words:2,114
H.R. 8988, titled the "Get Foreign Money Out of U.S. Elections Act," seeks to amend the Federal Election Campaign Act of 1971. It aims to extend the existing ban on political contributions and expenditures by foreign nationals to include domestic business entities that are...
Simple Explanation
This bill wants to stop companies in the U.S. that are owned or influenced by people from other countries from giving money to American political campaigns. It also makes sure these companies follow the rules by checking that the decisions aren't secretly influenced by foreigners.

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