H.R. 425 · 119th Congress
Repealing Big Brother Overreach Act
In progress
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Bill details
Introduced: 1/15/2025
Current status: In progress
Introduced by: Warren Davidson (R · OH-08)
Bill ID: 119hr425
Latest official action: Ordered to be Reported by the Yeas and Nays: 26 - 25.
Bill overview
A neutral overview based on official congressional sources.
Introduced in House
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.
Source: BILLSUM · Summary date: 1/15/2025
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