HR 425 United States House · 119th Congress

Repealing Big Brother Overreach Act

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

President

Introduced Jan 15, 2025 Last action Jun 18, 2026

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

6

Key actions

2

Committee

3

Jun 18, 2026

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.

lower

Apr 21, 2026

Lower · Passed

Committee Consideration and Mark-up Session Held

lower

Jan 15, 2025

Committee

Referred to the House Committee on Financial Services.

lower

Jan 15, 2025

Introduced

Introduced in House

lower

1 primary · 193 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Warren Davidson

Abraham J. Hamadeh

Addison P. McDowell

Andrew S. Clyde

Anna Paulina Luna