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FinCEN–SBA Coordination on Beneficial Ownership Registration Act

7/4/2025, 12:13 PM

Summary of Bill S 1995

The bill titled "A bill to require the Director of the Financial Crimes Enforcement Network and the Administrator of the Small Business Administration to enter into a memorandum of understanding to ensure the dissemination of covered information, and for other purposes" was introduced in the 119th Congress on June 9, 2025.

Current Status of Bill S 1995

Bill S 1995 is currently in the status of Bill Introduced since June 9, 2025. Bill S 1995 was introduced during Congress 119 and was introduced to the Senate on June 9, 2025.  Bill S 1995's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of June 9, 2025

Bipartisan Support of Bill S 1995

Total Number of Sponsors
5
Democrat Sponsors
5
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1995

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 1995

A bill to require the Director of the Financial Crimes Enforcement Network and the Administrator of the Small Business Administration to enter into a memorandum of understanding to ensure the dissemination of covered information, and for other purposes.
A bill to require the Director of the Financial Crimes Enforcement Network and the Administrator of the Small Business Administration to enter into a memorandum of understanding to ensure the dissemination of covered information, and for other purposes.

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