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Requires the Treasury (FinCEN) and the Small Business Administration to coordinate publicly on corporate beneficial ownership reporting by executing and publishing a memorandum of understanding (MOU), carrying out targeted outreach to covered companies and small-business partners, reviewing the MOU every six months, and prohibiting pay-for-attendance at those review meetings. It also requires the two agencies to submit joint status reports to designated congressional committees beginning within 30 days after the MOU is signed and then every 30 days, describing outreach, compliance counts/estimates, and planned next steps.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced June 9, 2025 by Edward John Markey · Last progress 8 months ago