HR 425 · in committee · significant
Repealing Big Brother Overreach Act
- government reform
What this bill does
- This bill repeals the Corporate Transparency Act, which requires companies to report beneficial ownership information to federal authorities.
- The repeal affects existing and newly formed companies that currently must disclose ownership details to the Treasury Department.
- The change takes effect upon enactment and eliminates reporting requirements previously created to combat terrorism financing and money laundering.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How would eliminating beneficial ownership reporting affect law enforcement's ability to investigate financial crimes like money laundering and terrorist financing?
- 02
Which types of businesses and industries would be most impacted by no longer having to disclose their true owners to the Treasury Department?
- 03
What trade-offs exist between increased corporate privacy and the government's capacity to track illicit financial flows?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-OH-8
Warren Davidson
Citizen cosponsors
0
In Congress
193/ 435
House Reps cosponsoring
Introduced 2026-04-21
Joining the bill
Tom Barrett
R-MI-7 · original
Michael Cloud
R-TX-27 · original
Eric Burlison
R-MO-7 · original
Aaron Bean
R-FL-4 · original
Kat Cammack
R-FL-3 · original
Stephanie I. Bice
R-OK-5 · original
Andy Biggs
R-AZ-5 · original
Troy Balderson
R-OH-12 · original
Vern Buchanan
R-FL-16 · original
Jack Bergman
R-MI-1 · original
Mike Bost
R-IL-12 · original
Andrew S. Clyde
R-GA-9 · original
+ 181 more
Legislative timeline
2026-04-21 · house · Committee
Ordered to be Reported by the Yeas and Nays: 26 - 25.
2026-04-21 · house · Committee
Committee Consideration and Mark-up Session Held
2025-01-15 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-01-15 · IntroReferral
Introduced in House
2025-01-15 · IntroReferral
Introduced in House
Citizen comments
Sign in to comment on this bill.
No comments yet — be the first.