HR 425 · 119th CongressIn Committeecongress.gov ↗

Repealing Big Brother Overreach Act

What this bill does

AI plain-language summary

This 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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