S 100 · 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.
- It affects existing and newly created businesses that would otherwise have to disclose their true owners to the Treasury Department.
- Repeal would take effect immediately upon passage, eliminating reporting requirements intended to combat terrorist financing and money laundering.
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Community Threads
Started by Cosponsor
- 01
How would eliminating beneficial ownership reporting requirements affect law enforcement's ability to track terrorist financing and money laundering?
- 02
Which types of businesses and business owners would face the greatest changes if this reporting requirement is repealed?
- 03
What evidence exists that the Corporate Transparency Act's compliance costs outweigh its benefits for combating financial crimes?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-AL
Tommy Tuberville
Citizen cosponsors
0
In Congress
34/ 100
Senators cosponsoring
Introduced 2025-01-15
Joining the bill
Cindy Hyde-Smith
R-MS · original
Cynthia M. Lummis
R-WY · original
Marsha Blackburn
R-TN · original
John Boozman
R-AR · original
John Barrasso
R-WY · original
Bill Hagerty
R-TN · original
Kevin Cramer
R-ND · original
Ted Cruz
R-TX · original
Ted Budd
R-NC · original
Steve Daines
R-MT · original
Deb Fischer
R-NE · original
James Lankford
R-OK · original
+ 22 more
Legislative timeline
2025-01-15 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-01-15 · IntroReferral
Introduced in Senate
Citizen comments
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