HR 425
119th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Business records
Corporate finance and management
Department of the Treasury
Fraud offenses and financial crimes
Terrorism
Repealing Big Brother Overreach Act
Introduced: July 25, 2025
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2026
Ordered to be Reported by the Yeas and Nays: 26 - 25.
Apr 21, 2026
Committee Consideration and Mark-up Session Held
Jan 15, 2025
Referred to the House Committee on Financial Services.
Jan 15, 2025
Introduced in House
Plain-English 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.
What's happening now
Ordered to be Reported by the Yeas and Nays: 26 - 25.
Committees of jurisdiction
1