H.R. 5119Protect Small Business and Prevent Illicit Financial Activity Act

1 recorded action297 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Zachary Nunn [R-IA-03]
Cosponsors: 3 · 2 Democrats · 1 Republican
Policy area: Commerce
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Dec 13, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedAug 1, 2023
Passed the HouseDec 12, 2023
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Protect Small Business and Prevent Illicit Financial Activity Act

This bill revises the requirements for small U.S. companies to report certain beneficial ownership information that take effect on January 1, 2024. Beneficial ownership information includes the identity of an individual behind a corporate entity.

The bill extends the deadline for companies to report ownership information to the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Specifically, existing companies must file their initial ownership report within two years (current regulations require the report within one year). New companies must file their initial ownership report within 90 days (current regulations require the report within 30 days). Companies must report updates or changes in ownership within 90 days (current regulations require companies to report such changes within 30 days).

Written by the nonpartisan Congressional Research Service, describing H.R. 5119 as passed House on Dec 12, 2023. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 713

House Dec 12, 2023

On Motion to Suspend the Rules and Pass, as Amended

Protect Small Business and Prevent Illicit Financial Activity Act

Passed · Two-thirds required

420 Yea 1 Nay 12 not voting

Crossed both parties 1 of 421 voting members broke with their own party: 1 Republican.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members433 members

Democratic213 members

Republican220 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors3 · 2 Democrats · 1 Republican

Signing on is not a vote: a member can cosponsor H.R. 5119 and vote against it. 1 signed when it was filed.

DJoyce Beatty [D-OH-03]Original2026 profile

RDaniel Meuser [R-PA-09]Joined Sep 18, 20232026 profile

DBrad Sherman [D-CA-32]Joined Sep 20, 20232026 profile

Loading the public record

Who lobbied on H.R. 511915 organizations

Organizations that named H.R. 5119 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

COMMUNITY ASSOCIATIONS INSTITUTEIts PAC: Community Associations Institute PAC CAI-PAC

Housing · Telecommunications · Financial Institutions/Investments/Securities · Budget/Appropriations6 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

ASSOCIATED GENERAL CONTRACTORS OF AMERICAIts PAC: Associated General Contractors of America PAC

Budget/Appropriations · Consumer Issues/Safety/Products · Environment/Superfund · Foreign Relations +10 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

NATIONAL ASSOCIATION OF ELECTRICAL DISTRIBUTORS, INC.Its PAC: National Association of Electrical Distributors Inc PAC

Taxation/Internal Revenue Code · Labor Issues/Antitrust/Workplace · Torts5 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

SMALL BUSINESS LEGISLATIVE COUNCILfiled by BARNES & THORNBURG, LLP

Taxation/Internal Revenue Code · Small Business5 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

TENASKA, INC.filed by KLEIN/JOHNSON GROUPIts PAC: Tenaska Inc Employees PAC

Energy/Nuclear · Taxation/Internal Revenue Code5 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

FACT COALITION (A PROJECT OF THE FUND FOR CONSTITUTIONAL GOVERNMENT)

Taxation/Internal Revenue Code · Banking · Law Enforcement/Crime/Criminal Justice · Foreign Relations4 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

NATIONAL AUTOMATIC MERCHANDISING ASSOCIATIONIts PAC: National Automatic Merchandising Association PAC

Energy/Nuclear · Transportation · Taxation/Internal Revenue Code · Agriculture +3 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

AMERICAN BAR ASSOCIATION

Taxation/Internal Revenue Code · Budget/Appropriations · Civil Rights/Civil Liberties · Immigration +13 more2 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

ELEVANTAfiled by CAPITOL SOLUTIONS LLC (MD)

Taxation/Internal Revenue Code · Banking · Financial Institutions/Investments/Securities2 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

INTERNATIONAL FRANCHISE ASSOCIATION

Labor Issues/Antitrust/Workplace · Taxation/Internal Revenue Code · Small Business · Financial Institutions/Investments/Securities +1 more2 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

48 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.