H.R. 425 explained · 119th Congress · Pending in Congress
Repealing Big Brother Overreach Act
Cosponsors: 193 (0 D, 193 R) · per Congress.gov, 2026-10-08
Introduced: 2025-01-15
Latest action (2026-06-18): Placed on the Union Calendar, Calendar No. 609.
What H.R. 425 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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