I
119THCONGRESS
1
STSESSION H. R. 425
To repeal the Corporate Transparency Act.
IN THE HOUSE OF REPRESENTATIVES
JANUARY15, 2025
Mr. D
AVIDSON(for himself, Mr. BALDERSON, Mr. BERGMAN, Mr. BIGGSof
Arizona, Mr. B
UCHANAN, Mr. BURLISON, Mrs. CAMMACK, Mr.
C
ISCOMANI, Mr. CLOUD, Mr. CLYDE, Mr. CRANE, Mr. DUNNof Florida,
Mr. E
DWARDS, Mr. ELLZEY, Mr. ESTES, Mr. EZELL, Mr. FINSTAD, Mrs.
F
ISCHBACH, Mr. FLEISCHMANN, Ms. FOXX, Mr. FULCHER, Mr. GRAVES,
Ms. G
REENEof Georgia, Mr. GROTHMAN, Mr. GUEST, Ms. HAGEMAN,
Mr. H
ERNof Oklahoma, Mrs. HOUCHIN, Mr. HUDSON, Mr. JOHNSONof
South Dakota, Mr. L
AHOOD, Mr. LANGWORTHY, Ms. LEEof Florida,
Ms. M
ACE, Mr. MOOLENAAR, Mr. MOOREof Alabama, Mr. NORMAN, Mr.
O
GLES, Mr. PERRY, Mr. PFLUGER, Mr. ROSE, Mr. ROUZER, Mr. ROY,
Mr. R
ULLI, Mr. SCHWEIKERT, Mr. SMITHof Missouri, Mr. SMITHof Ne-
braska, Mr. S
TAUBER, Ms. TENNEY, Mr. THOMPSONof Pennsylvania,
Mr. T
IFFANY, Ms. VANDUYNE, Mr. WEBERof Texas, Mr. ZINKE, Mr.
C
OLLINS, Mr. BOST, Mr. KELLYof Mississippi, Mr. SCOTTFRANKLIN
of Florida, Mr. B
EANof Florida, Mr. STUTZMAN, Mr. TAYLOR, Mr. BAR-
RETT, Mr. DOWNING, Mr. GILLof Texas, Mr. YAKYM, Mr. VANORDEN,
Mrs. B
ICE, 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 Representa-1
tives of the United States of America in Congress assembled, 2
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•HR 425 IH
SECTION 1. SHORT TITLE. 1
This Act may be cited as the ‘‘Repealing Big Brother 2
Overreach Act’’. 3
SEC. 2. REPEAL. 4
(a) I
NGENERAL.—The Corporate Transparency Act 5
(title LXIV of division F of the William M. (Mac) Thorn-6
berry National Defense Authorization Act for Fiscal Year 7
2021 (Public Law 116–283; 134 Stat. 4604)) and the 8
amendments made by that Act are repealed. 9
(b) T
ECHNICAL ANDCONFORMINGAMENDMENTS.— 10
(1) Title 31, United States Code, is amended— 11
(A) in section 5321(a)— 12
(i) in paragraph (1), by striking ‘‘sec-13
tions 5314, 5315, and 5336’’ each place 14
the term appears and inserting ‘‘sections 15
5314 and 5315’’; and 16
(ii) in paragraph (6), by striking ‘‘(ex-17
cept section 5336)’’ each place the term 18
appears; and 19
(B) in section 5322, by striking ‘‘section 20
5315, 5324, or 5336’’ each place the term ap-21
pears and inserting ‘‘section 5315 or 5324’’. 22
(2) Title LXV of the Anti-Money Laundering 23
Act of 2020 (division F of the of the William M. 24
(Mac) Thornberry National Defense Authorization 25
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•HR 425 IH
Act for Fiscal Year 2021 (Public Law 116–283; 134 1
Stat. 4604)) is amended— 2
(A) by repealing section 6502 (134 Stat. 3
4626); and 4
(B) in section 6509 (134 Stat. 4633)— 5
(i) by striking ‘‘(a) I
NGENERAL.— 6
Subsection (l)’’ and inserting ‘‘Subsection 7
(l)’’; and 8
(ii) by striking subsection (b). 9
Æ
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