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HR 425In committeeFinancehouse
Repealing Big Brother Overreach Act
Introduced Jan 15, 2025 by Rep. Warren Davidson
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Jun 18, 2026
Placed on the Union Calendar, Calendar No. 609.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.