United States 118th Congress Status: In Committee 1 R cosponsors

HR 5422 — Small Business Working Group Act

Last action — Referred to the House Committee on Financial Services.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

To require FinCEN to establish a small business working group, and for other purposes.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill requires FinCEN to establish a small business working group focused on beneficial ownership information.

  • 31 U.S.C. § 310

    and → ; and

    It modifies the end of clause (vi) to better structure the list of FinCEN's duties.

  • 31 U.S.C. § 310

    . → ; and

    It changes the end of clause (vii) to introduce a new item in the list.

  • 31 U.S.C. § 310

    (viii) each year, hold a small business working group to-- (I) share information about the effectiveness of beneficial ownership information; (II) promote coordination between FinCEN and the small business community; and (III) and provide guidance to small businesses about beneficial ownership reporting obligations.

    It adds a new clause requiring FinCEN to hold annual small business working groups.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
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Frequently asked questions

What does HR 5422 do?
To require FinCEN to establish a small business working group, and for other purposes.
Who sponsors HR 5422?
HR 5422 is sponsored by Williams, Roger (Republican).
What is the current status of HR 5422?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 5422?
Track HR 5422 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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