The bill extends the deadline for filing beneficial ownership information reports for certain pre-existing reporting companies.
The 'Protect Small Businesses from Excessive Paperwork Act of 2025' amends title 31 of the United States Code to change the deadline for filing beneficial ownership information reports. Specifically, it extends the deadline for reporting companies formed or registered before January 1, 2024, from the original effective date to January 1, 2026. This change aims to alleviate paperwork burdens for small businesses.
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