H.R. 5422 — Introduced in House

I 118th CONGRESS 1st Session H. R. 5422 IN THE HOUSE OF REPRESENTATIVES September 12, 2023Mr. Williams of Texas (for himself and Mrs. Beatty) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require FinCEN to establish a small business working group, and for other purposes. 1. Short title This Act may be cited as the Small Business Working Group Act. 2. Small Business Working Groups (a) In general Section 310(g)(5)(A) of title 31, United States Code, is amended— (1) in clause (vi) by striking and at the end; (2) in clause (vii) by striking the period at the end and inserting ; and; and (3) by inserting the following at the end: (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. . (b) Appropriations No additional amounts may be appropriated to carry out the amendments made by subsection (a).