118th Congress (2023–2025) · House bill · Sponsor: Rep. Nunn, Zachary [R-IA-3]
This page covers HR5119 in the 118th Congress. Bill numbers start over every Congress, so HR5119 in another Congress is a different bill. Other bills numbered HR5119 are listed below.
| Item | Detail |
|---|---|
| Roll-call votes | 1 |
| Chamber | House |
| Latest vote | 2023-12-12: Passed |
| Latest action | 2023-12-13: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Policy area | Commerce |
| Official record | Congress.gov |
Protect Small Business and Prevent Illicit Financial Activity Act This bill revises the requirements for small U. S. companies to report certain beneficial ownership information that take effect on January 1, 2024. Beneficial ownership information includes the identity of an individual behind a corporate entity. The bill extends the deadline for companies to report ownership information to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Specifically, existing companies must file their initial ownership report within two years (current regulations require the report within one year). New companies must file their initial ownership report within 90 days (current regulations require the report within 30 days). Companies must report updates or changes in ownership within 90 days (current regulations require companies to report such changes within 30 days).
Subjects: Business records, Fraud offenses and financial crimes, Small business
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2023-12-12 | House | 2/3 Yea-And-Nay | Passed | 355 | 1 | 8 | Official tally |
HR5119 in the 117th Congress (2021–2023): To amend title VI of the Social Security Act to extend the coverage of Coronavirus Relief…
HR5119 (Protect Small Business and Prevent Illicit Financial Activity Act) was introduced in the 118th Congress (2023–2025) by Rep. Nunn, Zachary [R-IA-3].
On 2023-12-13: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
1 recorded vote in the 118th Congress. The most recent, on 2023-12-12, was "2/3 Yea-And-Nay": Passed.
No. Bill numbers restart each Congress. HR5119 was also used in the 117th Congress for different legislation.