Search Results for keywords:"beneficial ownership information"

Search Results: keywords:"beneficial ownership information"

S. 5414 — To require the Financial Crimes Enforcement Network to meet certain conditions before funds are made available for the enforcement of beneficial ownership information reporting, and for other purposes.
December 03, 2024
Status:Introduced in Senate
Congress:118
Words:279
S. 5414 proposes that the Financial Crimes Enforcement Network (FinCEN) must meet specific conditions before receiving funding for enforcing rules about reporting who owns companies. The bill requires that FinCEN delay its reporting requirements by at least one year, complete...
Simple Explanation
The bill says that a group called FinCEN, which makes rules about showing who owns a company, has to wait and do a few things before they get money to do their job. They need to wait a year, finish figuring out all the rules, and they have to let businesses send information using regular mail.
H. R. 9278 — To amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes.
August 02, 2024
Status:Introduced in House
Congress:118
Words:252
H. R. 9278 aims to amend section 5336 of title 31 of the United States Code to give small businesses more time to comply with reporting requirements. Specifically, the bill proposes allowing existing small businesses an extra year, until December 31, 2025, to submit...
Simple Explanation
In H. R. 9278, Congress wants to give small businesses more time, until the end of 2025, to share important information about who owns their company, making it easier for them to follow new rules. It’s like giving them an extension on their homework so they don’t feel rushed!

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