S 1995
FinCEN–SBA Coordination on Beneficial Ownership Registration Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 9:07 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill requires the Financial Crimes Enforcement Network (FinCEN) and the Small Business Administration (SBA) to create a formal agreement outlining how they will share information related to beneficial ownership registration requirements. The goal is to improve compliance with these requirements, which are designed to combat money laundering and other illicit activities, and to provide clarity and support for small businesses navigating these regulations. It also directs the agencies to collaborate on outreach and education efforts to ensure reporting companies understand and meet their obligations.
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