Repealing Big Brother Overreach Act
119-HR-425119th CongressIntroduced Jan 15, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Placed on the Union Calendar, Calendar No. 609.
Sponsor
Rep. Davidson, Warren [R-OH-8](R-OH-8)193 cosponsors
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.
Subjects
Banking and financial institutions regulationBusiness recordsCorporate finance and managementDepartment of the TreasuryFraud offenses and financial crimesTerrorism
Actions (8)
Placed on the Union Calendar, Calendar No. 609.
Jun 18, 2026House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
Jun 18, 2026House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
Jun 18, 2026Library of Congress
Ordered to be Reported by the Yeas and Nays: 26 - 25.
Apr 21, 2026House committee actions
Committee Consideration and Mark-up Session Held
Apr 21, 2026House committee actions
Referred to the House Committee on Financial Services.
Jan 15, 2025House floor actions
Introduced in House
Jan 15, 2025Library of Congress
Introduced in House
Jan 15, 2025Library of Congress