H.R. 425 House Finance and Financial Sector
Repealing Big Brother Overreach Act
STAGE 3 OF 8 — CALENDARS AND SCHEDULING
Currently in the House. Last action: placed on the union calendar, calendar no. 609 on Jun 18, 2026.
- House Introduced in House Jan 15, 2025
- House Referred to the House Committee on Financial Services. Jan 15, 2025
- House Committee Consideration and Mark-up Session Held Apr 21, 2026
- House Ordered to be Reported by the Yeas and Nays: 26 - 25. Apr 21, 2026
- House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701. Jun 18, 2026
- House Placed on the Union Calendar, Calendar No. 609. Jun 18, 2026
Cosponsors
193
Subjects
Banking and financial institutions regulationBusiness recordsCorporate finance and managementDepartment of the TreasuryFraud offenses and financial crimesTerrorism
Committees
- Financial Services Committee
- Reported By , Jun 18, 2026
- Markup By , Apr 21, 2026
- Referred To , Jan 15, 2025
Summary
Repealing Big Brother Overreach ActThis 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.
Summary as of: Introduced in House
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