Bill Tracker / 119th Congress / H.R. 425
H.R. 425 · 119th Congress
Repealing Big Brother Overreach Act
Introduced→
In Committee→
Passed One Chamber→
Passed Both Chambers→
Became Law
Latest action: Placed on the Union Calendar, Calendar No. 609. — 06/18/2026
What This Bill Does
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.
Summary as of 01/15/2025, via Congress.gov / Congressional Research Service.
Introduced
01/15/2025
Policy Area
Finance and Financial Sector
Cosponsors
193