To amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes.

Section 5336(b)(1)(B) of title 31, United States Code, is amended by inserting after “paragraph (2)” the following: “, except that any such reporting company that is a small business concern (as defined under section 3 of the Small Business Act (15 U.S.C. 632)) shall submit to FinCEN a report that contains such information during the period beginning on the effective date of the regulations prescribed under this subsection and ending on December 31, 2025”.