FinCEN–SBA Coordination on Beneficial Ownership Registration Act

HR 3829 requires the Financial Crimes Enforcement Network (FinCEN) and the Small Business Administration (SBA) to create a formal agreement within 90 days to improve outreach about beneficial ownership reporting requirements. The agreement mandates joint efforts to help small businesses - specifically reporting companies under the Corporate Transparency Act - understand and comply with registration rules through resource partners like small business development centers, multilingual materials, and virtual/in-person town halls. It also requires quarterly reports to Congress tracking outreach efforts, compliance rates, and strategies to address non-compliance. This bill focuses on coordination, not changing the underlying registration rules, to support small businesses navigating existing federal requirements.