HR. 425Introduced

Repealing Big Brother Overreach Act

Plain-English overview

What this bill does

Repeals the Corporate Transparency Act and ends its beneficial ownership reporting requirements for companies to Treasury’s Financial Crimes Enforcement Network

Key points
  • Repeal Corporate Transparency Act
  • Terminate beneficial ownership reporting
Current status

Where it stands

Status
Introduced
Latest action
2026-06-18 — Placed on the Union Calendar, Calendar No. 609.
Related context

Topics and policy areas

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Banking and financial institutions regulationBusiness recordsCorporate finance and managementDepartment of the TreasuryFinance and Financial SectorFraud offenses and financial crimesTerrorism
Discovery signals

About these signals

Methodology

Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.

Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.
Full Text (PDF)Amendments
View on Congress.gov