H.R. 425

116 HR 425 IH: Repealing Big Brother Overreach Act
 U.S. House of Representatives
 2025-01-15
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 425  IN THE HOUSE OF REPRESENTATIVES   January 15, 2025   Mr. Davidson  (for himself,  Mr. Balderson ,  Mr. Bergman ,  Mr. Biggs of Arizona ,  Mr. Buchanan ,  Mr. Burlison ,  Mrs. Cammack ,  Mr. Ciscomani ,  Mr. Cloud ,  Mr. Clyde ,  Mr. Crane ,  Mr. Dunn of Florida ,  Mr. Edwards ,  Mr. Ellzey ,  Mr. Estes ,  Mr. Ezell ,  Mr. Finstad ,  Mrs. Fischbach ,  Mr. Fleischmann ,  Ms. Foxx ,  Mr. Fulcher ,  Mr. Graves ,  Ms. Greene of Georgia ,  Mr. Grothman ,  Mr. Guest ,  Ms. Hageman ,  Mr. Hern of Oklahoma ,  Mrs. Houchin ,  Mr. Hudson ,  Mr. Johnson of South Dakota ,  Mr. LaHood ,  Mr. Langworthy ,  Ms. Lee of Florida ,  Ms. Mace ,  Mr. Moolenaar ,  Mr. Moore of Alabama ,  Mr. Norman ,  Mr. Ogles ,  Mr. Perry ,  Mr. Pfluger ,  Mr. Rose ,  Mr. Rouzer ,  Mr. Roy ,  Mr. Rulli ,  Mr. Schweikert ,  Mr. Smith of Missouri ,  Mr. Smith of Nebraska ,  Mr. Stauber ,  Ms. Tenney ,  Mr. Thompson of Pennsylvania ,  Mr. Tiffany ,  Ms. Van Duyne ,  Mr. Weber of Texas ,  Mr. Zinke ,  Mr. Collins ,  Mr. Bost ,  Mr. Kelly of Mississippi ,  Mr. Scott Franklin of Florida ,  Mr. Bean of Florida ,  Mr. Stutzman ,  Mr. Taylor ,  Mr. Barrett ,  Mr. Downing ,  Mr. Gill of Texas ,  Mr. Yakym ,  Mr. Van Orden ,  Mrs. Bice ,  Mr. Onder , and  Mr. Griffith ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To repeal the Corporate Transparency Act.
1.
Short title
This Act may be cited as the   Repealing Big Brother Overreach Act  .
2.
Repeal
(a)
In general
The Corporate Transparency Act (title LXIV of division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( Public Law 116–283 ; 134 Stat. 4604)) and the amendments made by that Act are repealed.
(b)
Technical and conforming amendments
(1)
Title 31, United States Code, is amended—
(A)
in section 5321(a)—
(i)
in paragraph (1), by striking  sections 5314, 5315, and 5336  each place the term appears and inserting  sections 5314 and 5315 ; and
(ii)
in paragraph (6), by striking  (except section 5336)  each place the term appears; and
(B)
in section 5322, by striking  section 5315, 5324, or 5336  each place the term appears and inserting  section 5315 or 5324 .
(2)
Title LXV of the Anti-Money Laundering Act of 2020 (division F of the of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( Public Law 116–283 ; 134 Stat. 4604)) is amended—
(A)
by repealing section 6502 (134 Stat. 4626); and
(B)
in section 6509 (134 Stat. 4633)—
(i)
by striking  (a)
In general .—Subsection (l)  and inserting  Subsection (l) ; and
(ii)
by striking subsection (b).