| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 100 |
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| 5 | 5 | | To repeal the Corporate Transparency Act. |
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| 6 | 6 | | IN THE SENATE OF THE UNITED STATES |
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| 7 | 7 | | JANUARY15, 2025 |
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| 8 | 8 | | Mr. T |
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| 9 | 9 | | UBERVILLE(for himself, Mr. CRUZ, Mr. RICKETTS, Mr. MORENO, Ms. |
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| 10 | 10 | | L |
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| 11 | 11 | | UMMIS, Mrs. BLACKBURN, Mr. BOOZMAN, Mr. SCOTTof Florida, Mr. |
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| 12 | 12 | | S |
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| 13 | 13 | | ULLIVAN, Mrs. FISCHER, Mr. SHEEHY, Mr. TILLIS, Mr. BUDD, Mr. |
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| 14 | 14 | | P |
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| 15 | 15 | | AUL, Mr. HAGERTY, Mr. CRAMER, Mrs. HYDE-SMITH, Mr. LANKFORD, |
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| 16 | 16 | | Mr. M |
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| 17 | 17 | | ARSHALL, Mr. SCHMITT, Mr. BARRASSO, Mr. DAINES, Mr. RISCH, |
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| 18 | 18 | | Mr. Y |
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| 19 | 19 | | OUNG, and Mr. LEE) introduced the following bill; which was read |
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| 20 | 20 | | twice and referred to the Committee on Banking, Housing, and Urban |
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| 21 | 21 | | Affairs |
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| 22 | 22 | | A BILL |
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| 23 | 23 | | To repeal the Corporate Transparency Act. |
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| 24 | 24 | | Be it enacted by the Senate and House of Representa-1 |
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| 25 | 25 | | tives of the United States of America in Congress assembled, 2 |
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| 26 | 26 | | SECTION 1. SHORT TITLE. 3 |
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| 27 | 27 | | This Act may be cited as the ‘‘Repealing Big Brother 4 |
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| 28 | 28 | | Overreach Act’’. 5 |
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| 29 | 29 | | SEC. 2. REPEAL. 6 |
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| 30 | 30 | | (a) I |
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| 31 | 31 | | NGENERAL.—The Corporate Transparency Act 7 |
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| 32 | 32 | | (title LXIV of division F of the William M. (Mac) Thorn-8 |
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| 33 | 33 | | berry National Defense Authorization Act for Fiscal Year 9 |
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| 34 | 34 | | VerDate Sep 11 2014 06:00 Feb 06, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S100.IS S100 |
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| 35 | 35 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 36 | 36 | | •S 100 IS |
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| 37 | 37 | | 2021 (Public Law 116–283; 134 Stat. 4604)) and the 1 |
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| 38 | 38 | | amendments made by that Act are repealed. 2 |
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| 39 | 39 | | (b) T |
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| 40 | 40 | | ECHNICAL ANDCONFORMINGAMENDMENTS.— 3 |
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| 41 | 41 | | (1) Title 31, United States Code, is amended— 4 |
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| 42 | 42 | | (A) in section 5321(a)— 5 |
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| 43 | 43 | | (i) in paragraph (1), by striking ‘‘sec-6 |
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| 44 | 44 | | tions 5314, 5315, and 5336’’ each place 7 |
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| 45 | 45 | | the term appears and inserting ‘‘sections 8 |
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| 46 | 46 | | 5314 and 5315’’; and 9 |
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| 47 | 47 | | (ii) in paragraph (6), by striking ‘‘(ex-10 |
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| 48 | 48 | | cept section 5336)’’ each place the term 11 |
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| 49 | 49 | | appears; and 12 |
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| 50 | 50 | | (B) in section 5322, by striking ‘‘section 13 |
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| 51 | 51 | | 5315, 5324, or 5336’’ each place the term ap-14 |
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| 52 | 52 | | pears and inserting ‘‘section 5315 or 5324’’. 15 |
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| 53 | 53 | | (2) Title LXV of the Anti-Money Laundering 16 |
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| 54 | 54 | | Act of 2020 (division F of the of the William M. 17 |
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| 55 | 55 | | (Mac) Thornberry National Defense Authorization 18 |
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| 56 | 56 | | Act for Fiscal Year 2021 (Public Law 116–283; 134 19 |
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| 57 | 57 | | Stat. 4604)) is amended— 20 |
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| 58 | 58 | | (A) by repealing section 6502 (134 Stat. 21 |
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| 59 | 59 | | 4626); and 22 |
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| 60 | 60 | | (B) in section 6509 (134 Stat. 4633)— 23 |
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| 61 | 61 | | VerDate Sep 11 2014 06:00 Feb 06, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S100.IS S100 |
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| 62 | 62 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 63 | 63 | | •S 100 IS |
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| 64 | 64 | | (i) by striking ‘‘(a) INGENERAL.— 1 |
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| 65 | 65 | | Subsection (l)’’ and inserting ‘‘Subsection 2 |
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| 66 | 66 | | (l)’’; and 3 |
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| 67 | 67 | | (ii) by striking subsection (b). 4 |
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| 68 | 68 | | Æ |
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| 69 | 69 | | VerDate Sep 11 2014 06:00 Feb 06, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S100.IS S100 |
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| 70 | 70 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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