HR 425 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill would cancel a law called the Corporate Transparency Act. That law requires both existing companies and new companies to report information about who really owns them to a government office that fights financial crimes. The ownership information is collected to help stop terrorism financing and money laundering.
Introduced
January 15, 2025
Policy Area
Finance and Financial Sector
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