Pipeline · Bill → Law
Step 1
Introduced
Aug 1, 2023
Step 2
Referred
Aug 1, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
Sep 20, 2023
Reported out
Step 4
House floor
Step 5
Senate
Dec 13, 2023
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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 re...
Roll Call Votes · 1
Timeline · 14 actions
Dec 13, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 12, 2023
Considered as unfinished business.
Dec 12, 2023
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 420 - 1 (Roll no. 713).ROLL CALLpass
Dec 12, 2023
Motion to reconsider laid on the table Agreed to without objection.
Dec 11, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-303.
Dec 11, 2023
Placed on the Union Calendar, Calendar No. 244.
Dec 11, 2023
Mr. Nunn (IA) moved to suspend the rules and pass the bill, as amended.
Dec 11, 2023
Considered under suspension of the rules.
Dec 11, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 5119.
Dec 11, 2023
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Sep 20, 2023
Committee Consideration and Mark-up Session Held
Sep 20, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 0.
Aug 1, 2023
Introduced in House
Aug 1, 2023
Referred to the House Committee on Financial Services.