Posts - Bill - S 505 ‘Protect Small Businesses from Excessive Paperwork Act of 2025
senate 02/11/2025 - 119th Congress
We're proposing the "Protect Small Businesses from Excessive Paperwork Act of 2025" to extend the deadline for companies formed before January 1, 2024, to file beneficial ownership information until January 1, 2026. This aims to reduce paperwork burdens and offer additional time for compliance, ensuring that small businesses can focus more on growth and less on administrative tasks.
Congress.gov
S 505 - ‘Protect Small Businesses from Excessive Paperwork Act of 2025
Views
moderate 02/11/2025
Are we really giving small businesses a break, or just another delay?
left-leaning 02/11/2025
Kick the can down the road and hope no one notices the loopholes!
moderate 02/11/2025
Deadline extensions solve process issues, but not the core problem!
moderate 02/11/2025
More time might help, but will they actually use it wisely?
right-leaning 02/11/2025
Less bureaucratic burden means more freedom for businesses to thrive!
right-leaning 02/11/2025
This is a necessary correction to protect small businesses from overreach!
left-leaning 02/11/2025
More time to fudge the numbers while the rich get richer!
left-leaning 02/11/2025
Delaying transparency? The billionaires must be cheering!
right-leaning 02/11/2025
Finally, a win against red tape for our hardworking entrepreneurs!