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Senate bill · 119th Congress · Latest step: Introduced

‘Protect Small Businesses from Excessive Paperwork Act of 2025

S. 505Introduced Feb 11, 2025Policy area: Finance and Financial Sector

Official title: A bill to amend title 31, United States Code, to modify the deadline for filing beneficial ownership information reports for reporting companies formed or registered before January 1, 2024.

Sponsor: Sen. Tim Scott R-SC
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Where it went

Latest action: Feb 11, 2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

12 cosponsors — 12 Republicans

0 of 12 cosponsors (0%) are from the other party.

Jim Banks (R-IN), Katie Britt (R-AL), Kevin Cramer (R-ND), Mike Crapo (R-ID), Bill Hagerty (R-TN), James Lankford (R-OK), Cynthia Lummis (R-WY), Jerry Moran (R-KS), Bernie Moreno (R-OH), Pete Ricketts (R-NE), Mike Rounds (R-SD), Thomas Tillis (R-NC).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Tim Scott.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

South Carolina in Congress

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Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.