HR 425

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.

Bill status

Status

Reported

Sponsor

Rep. Warren Davidson [R-OH-8]

Cosponsors

193

Policy area

Finance and Financial Sector

Introduced

2025-01-15

Latest action

2026-06-18: Placed on the Union Calendar, Calendar No. 609.

Committee referrals

• Financial Services Committee: House · Reported By · 2026-06-18
• Financial Services Committee: House · Markup By · 2026-04-21
• Financial Services Committee: House · Referred To · 2025-01-15

Recent actions

• 2026-06-18: Placed on the Union Calendar, Calendar No. 609.
• 2026-06-18: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
• 2026-06-18: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
• 2026-04-21: Ordered to be Reported by the Yeas and Nays: 26 - 25.
• 2026-04-21: Committee Consideration and Mark-up Session Held