Protecting Small Business Information Act of 2023

S 2623, the Protecting Small Business Information Act of 2023, delays the implementation of certain Treasury rules under the Corporate Transparency Act. It requires the Treasury Secretary to certify to Congress that all required rules have been issued and will take effect simultaneously before any rule can go into effect. This directly affects small businesses that would otherwise have faced new beneficial ownership reporting requirements, by postponing those obligations until the Treasury completes its rulemaking process and certifies synchronization. The bill does not create new requirements but changes the timing for existing rules.