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

HR 7963 — Small Business Red Tape Relief Act of 2024

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 amend title 31, United States Code, to require FinCEN to submit to Congress a quarterly report on certain beneficial ownership data.

Bill Text

How this bill changes current law

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

The bill requires FinCEN to submit a quarterly report to Congress regarding beneficial ownership data.

  • 31 U.S.C. § 5336(b)

    (7) Quarterly report on certain beneficial ownership data.--With respect to the first quarter that begins after the date of the enactment of this paragraph, and each quarter thereafter, the Director shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that includes, with respect to the period covered by the report--(A) the number of reporting companies described in paragraph (1)(B) that submitted a report required under this subsection; (B) the number of reporting companies described in paragraph (1)(C) that submitted a report required under this subsection; and (C) the number of reporting companies that submitted a report required under paragraph (1)(D).

    This addition mandates quarterly reporting by FinCEN to Congress on specific beneficial ownership data.

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
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Frequently asked questions

What does HR 7963 do?
To amend title 31, United States Code, to require FinCEN to submit to Congress a quarterly report on certain beneficial ownership data.
Who sponsors HR 7963?
HR 7963 is sponsored by Nunn, Zachary (Republican).
What is the current status of HR 7963?
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 7963?
Track HR 7963 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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