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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.
Introduced
Jan 15, 2025
Last Action
Jan 15, 2025
Session
119th Congress
Sponsors
1 primary · 34 co
Passage Probability
2% — Very Low
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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2%
Estimate based on legislative signals
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Upgrade to ProRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.