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.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9278 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 2, 2024

Mr. Nunn of Iowa (for himself, Ms. Caraveo, Mr. Hill, and Ms. Davids of 
   Kansas) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SMALL BUSINESS BENEFICIAL OWNERSHIP REPORTING EXTENSION.

    Section 5336(b)(1)(B) of title 31, United States Code, is amended 
by inserting after ``paragraph (2)'' the following: ``, except that any 
such reporting company that is a small business concern (as defined 
under section 3 of the Small Business Act (15 U.S.C. 632)) shall submit 
to FinCEN a report that contains such information during the period 
beginning on the effective date of the regulations prescribed under 
this subsection and ending on December 31, 2025''.
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