Small businesses would have up to 90 days to file some ownership reports. Treasury could not change those deadlines by rule or guidance. Companies also could not send a "we could not get the information" report instead of the full report.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Protect Small Business and Prevent Illicit Financial Activity Act is a House bill house Consideration.
Who this affects: This bill mainly affects small businesses that must report their real owners to FinCEN. It also affects people who form new companies or update company records after ownership changes. Treasury and FinCEN would have less room to adjust the deadlines later. Law enforcement could receive more complete ownership data, but the bill does not show how this would work in practice.
Why this matters: Small businesses face penalties if they miss ownership reporting rules, so filing dates matter in real life. This bill tries to make those dates clearer and harder for agencies to change. It may help companies plan and may give investigators more complete data. But it could also reduce flexibility if businesses need more time or agencies need to respond to new problems.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Protect Small Business and Prevent Illicit Financial Activity Act
Small businesses would have up to 90 days to file some ownership reports. Treasury could not change those deadlines by rule or guidance. Companies also could not send a "we could not get the information" report instead of the full report.
Use this page to support, oppose, or ask Congress to amend HR5119. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in House Committee
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
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Where this bill is in the process
Introduced
Introduced in House
House Committee
Under House committee consideration
House Floor Vote
Voted on by House
Passed House
Approved by House
Senate Review
Sent to Senate for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your House representative when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Protect Small Business and Prevent Illicit Financial Activity Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (House Consideration), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around HR5119, your stance, and the reasons you choose, then lets you edit and send when ready.
