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S. 505

U.S. Senate•In Senate Committee

Summary

S. 505, the ‘Protect Small Businesses from Excessive Paperwork Act of 2025, was introduced in the Senate on Feb 11, 2025 by Sen. Tim Scott (R) with 12 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Feb 11, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 505 has 12 co-sponsors.

sb505/introduced-in-senate.txt
119 S505 IS: ‘Protect Small Businesses from Excessive Paperwork Act of 2025
 U.S. Senate
 2025-02-11
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 505  IN THE SENATE OF THE UNITED STATES   February 11, 2025   Mr. Scott of South Carolina  (for himself,  Mr. Rounds ,  Mr. Moran ,  Mr. Hagerty ,  Mr. Ricketts ,  Mr. Lankford ,  Mr. Cramer ,  Ms. Lummis ,  Mrs. Britt ,  Mr. Tillis , and  Mr. Banks ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    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.
1.
Short title
This Act may be cited as the   ‘Protect Small Businesses from Excessive Paperwork Act of 2025  .
2.
Modification of filing deadline for certain pre-existing reporting companies
Section 5336(b)(1)(B) of title 31, United States Code, is amended by striking  before the effective date  and all that follows through  under this subsection  and inserting  before January 1, 2024, shall, not later than January 1, 2026 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-11
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in Senate Feb 11, 2025

sb505/introduced-in-senate.md

Shown Here:
Introduced in Senate (02/11/2025)

Sponsors

Sen. Tim Scott (R) sponsors S. 505, and 12 members have co-sponsored it, 10 of them from the day it was introduced.

Committees

S. 505 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Feb 11, 2025 · 465 Bills

Actions

S. 505 has taken 2 actions since Feb 11, 2025.

ChamberAction
Feb 11, 2025
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Feb 11, 2025
—
Introduced in Senate

Votes

S. 505 has not gone to a roll call.

1 bill is related to S. 505, as Identical bill.

Titles

S. 505 goes by 3 titles, 1 of them short titles.

  • ‘Protect Small Businesses from Excessive Paperwork Act of 2025 — Display Title
  • ‘Protect Small Businesses from Excessive Paperwork Act of 2025 — Short Title(s) as Introduced
  • 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. — Official Title as Introduced

Lobbying

2 clients hired 3 firms and 11 registered lobbyists who named S. 505 in 19 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Agriculture, Alcohol and Drug Abuse, Banking, Postal, Taxation/Internal Revenue Code, Trade (domestic/foreign), Beverage Industry, Constitution.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NATIONAL BEER WHOLESALERS ASSOCIATIONNational trade associationVirginia213$176K
NATIONAL SMALL BUSINESS ASSOCIATION—District of Columbia16—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
EB CONSULTING17$176K
NATIONAL BEER WHOLESALERS ASSOCIATION16—
NATIONAL SMALL BUSINESS ASSOCIATION16—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
ERIC BUNNING117
CRAIG PURSER116
JOHN FURTH116
LAURIE KNIGHT116
PAUL PISANO116
TODD MCCRACKEN116
BRITTANNY MEIERLING114
RACHEL GREY114
REED WESTCOTT114
DANIEL JARRELL112
KATE BEAULIEU112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL BEER WHOLESALERS ASSOCIATIONNATIONAL BEER WHOLESALERS ASSOCIATION2025 second_quarter$490K2nd Quarter - Amendme…
NATIONAL BEER WHOLESALERS ASSOCIATIONNATIONAL BEER WHOLESALERS ASSOCIATION2025 second_quarter$490K2nd Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONNATIONAL BEER WHOLESALERS ASSOCIATION2025 third_quarter$330K3rd Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONNATIONAL BEER WHOLESALERS ASSOCIATION2026 first_quarter$320K1st Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONNATIONAL BEER WHOLESALERS ASSOCIATION2025 fourth_quarter$320K4th Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONNATIONAL BEER WHOLESALERS ASSOCIATION2025 first_quarter$320K1st Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 second_quarter$60K2nd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 third_quarter$50K3rd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 first_quarter$50K1st Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2026 first_quarter$32K1st Quarter - Amendme…
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 fourth_quarter$30K4th Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2026 second_quarter$27K2nd Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2026 first_quarter$27K1st Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2025 fourth_quarter$22.5K4th Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2025 third_quarter$22.5K3rd Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2025 second_quarter$22.5K2nd Quarter - Report
NATIONAL BEER WHOLESALERS ASSOCIATIONEB CONSULTING2025 first_quarter$22.5K1st Quarter - Amendme…
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2026 second_quarter$16K2nd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2026 first_quarter$15K1st Quarter - Report

Classification

The Congressional Research Service files S. 505 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 505’s is Finance and Financial Sector.

s505/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com