119-hr425

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 425 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 425

 To repeal the Corporate Transparency Act.

_______________________________________________________________________

 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4604)) and the amendments made by that Act are repealed.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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