H.R. 425 · 119th Congress
Repealing Big Brother Overreach Act
- Stage
- Reported from committee
- Sponsor
- Warren Davidson
- Introduced
- 2025-01-15
- Latest action
- 2026-06-18 · Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
Summary
Repealing Big Brother Overreach Act
This bill repeals the Corporate Transparency Act. The act requires existing companies and newly created companies to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network for purposes of addressing the financing of terrorism and money laundering.