Search Results: keywords:"fincen"

  • 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.
    Status:Introduced in House
    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!

  • 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.
    Status:Introduced in Senate
    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. 147 — To make improvements to the Financial Crimes Enforcement Network, and for other purposes.
    Status:Introduced in House
    Words:933

    H.R. 147, titled the “FinCEN Oversight and Accountability Act of 2025,” aims to enhance the oversight and transparency of the Financial Crimes Enforcement Network (FinCEN). The bill mandates the Secretary of the Treasury to keep Congress informed about FinCEN's activities and...

    Simple Explanation

    H.R. 147 is about making sure a special team in the government, called FinCEN, which watches out for money crime, tells the big bosses what they're doing. It also wants them to share some papers with everyone, and there's a new rule to talk more with small businesses too.

  • H. R. 7963 — To amend title 31, United States Code, to require FinCEN to submit to Congress a quarterly report on certain beneficial ownership data.
    Status:Introduced in House
    Words:338

    H.R. 7963, titled the “Small Business Red Tape Relief Act of 2024,” aims to amend title 31 of the United States Code. The bill requires the Financial Crimes Enforcement Network (FinCEN) to provide Congress with a quarterly report on certain beneficial ownership data. This report must include...

    Simple Explanation

    H.R. 7963 is a plan to ask a group called FinCEN to tell the U.S. Congress every few months about which businesses are giving them important ownership information, so they can keep track of who owns what in a clear way.