Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 736) 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. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 736 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protect Small Businesses from Excessive Paperwork Act of 2025''. SEC. 2. MODIFICATION TO 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 of the regulations prescribed under this subsection shall, in a timely manner, and not later than 2 years after the effective date of the regulations prescribed under this subsection,'' and inserting ``before January 1, 2024, shall, not later than January 1, 2026,''. The SPEAKER pro tempore. Pursuant to the rule, the gentleman from Arkansas (Mr. Hill) and the gentleman from California (Mr. Vargas) each will control 20 minutes. The Chair recognizes the gentleman from Arkansas. General Leave”