S 100
119th Congress
Senate
In Committee
Repealing Big Brother Overreach Act
Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · Jan 15, 2025
View full text on Congress.gov ↗ Policy area: Finance and Financial Sector
Legislative 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.
Source: Congressional Research Service (CRS).
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