I 118th CONGRESS 1st Session H. R. 5422 IN THE HOUSE OF REPRESENTATIVES September 12, 2023 Mr. 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).