[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5518 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 5518

  To extend the deadline for submitting certain beneficial ownership 
   information reports for companies affected by Hurricane Helene or 
                                Milton.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 12, 2024

   Mr. Budd introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To extend the deadline for submitting certain beneficial ownership 
   information reports for companies affected by Hurricane Helene or 
                                Milton.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Flexible Compliance for Emergencies 
and Natural Disasters Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Company affected by hurricane helene or milton.--The 
        term ``company affected by Hurricane Helene or Milton'' means a 
        reporting company--
                    (A) formed or registered before, on, or after the 
                date of enactment of this Act; and
                    (B) that the Secretary of the Treasury determines 
                is located in an area--
                            (i) affected by Hurricane Helene or Milton; 
                        and
                            (ii) for which the President has declared a 
                        major disaster under section 401 of the Robert 
                        T. Stafford Disaster Relief and Emergency 
                        Assistance Act (42 U.S.C. 5170).
            (2) Reporting company.--The term ``reporting company'' has 
        the meaning given the term in section 5336(a) of title 31, 
        United States Code.

SEC. 3. EXTENDING THE DEADLINE FOR SUBMITTING CERTAIN BENEFICIAL 
              OWNERSHIP REPORTS FOR COMPANIES AFFECTED BY HURRICANE 
              HELENE OR MILTON.

    A company affected by Hurricane Helene or Milton shall not be 
required to submit any report described in section 5336 of title 31, 
United States Code, before January 1, 2026.
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