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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 425 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 425
To repeal the Corporate Transparency Act.
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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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Repealing Big Brother Overreach
Act''.
SEC. 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4604)) and the amendments made by that Act are repealed.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).
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