FinCEN–SBA Coordination on Beneficial Ownership Registration Act
Introduced
Moved
Reached a final decision
Introduced 2025-06-06
Derived from the official record below.
Officially: “FinCEN–SBA Coordination on Beneficial Ownership Registration Act” Read the full text
Commerce
What it does
The bill requires the Financial Crimes Enforcement Network and the Small Business Administration to meet within 30 days and sign a memorandum of understanding within 90 days on coordinating outreach about beneficial ownership reporting rules for small businesses. The agreement must include sharing information in multiple languages, linking the SBA website to FinCEN guidance, warning businesses about related scams, and holding joint town halls and webinars. The agencies must publish the agreement within 7 days, review progress every 6 months, and report jointly to Congress every 30 days.
Written by AI from the complete official bill text and independently fact-checked against it. Not legal advice.
Where it is
Introduced · 2025-06-06
In the House.
Committee, then floor votes in both chambers · next
Official documents
The on-site text is shown verbatim from the GovInfo publication, captured 2026-07-12. The same version at GovInfo.
The numbers
2%
of bills introduced became law in the 118th Congress, 2023 to 2024 (n=16,213)
7
sponsors, out of 218 needed to pass
Who is lobbying on this
TRANSPARENCY INTERNATIONAL U.S. (A PROJECT OF THE FUND FOR CONSTITUTIONAL GOVT)via TRANSPARENCY INTERNATIONAL U.S. (A PROJECT OF THE FUND FOR CONSTITUTIONAL GOVT)
4 filingsFrom 4 filings in federal lobbying disclosures (LDA), via lda.gov, naming this bill (2025). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.
Every fact on this page links to its source, starting with the official bill record. Last action: Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (2025-06-06).