S 100
Repealing Big Brother Overreach Act
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
- In committee
- Sponsor
- Sen. Tommy Tuberville [R-AL]
- Cosponsors
- 34
- Policy area
- Finance and Financial Sector
- Introduced
- 2025-01-15
- Latest action
- 2025-01-15: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee referrals
Recent actions
- 2025-01-15: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-01-15: Introduced in Senate