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!