H.R. 5422 (Introduced in House) — Small Business Working Group Act

This Act may be cited as the “Small Business Working Group Act”.

(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).

Small Business Working Group Act