HR425119th CongressWALLET

Repealing Big Brother Overreach Act

Sponsored By: Representative Davidson

In Committee

Summary

Repeals the Corporate Transparency Act (CTA). The bill would remove the CTA and the amendments enacted under it from the U.S. Code and then make targeted fixes to related laws. Those edits include striking references to section 5336 in Title 31, changing language in section 5322, repealing section 6502 of the Anti‑Money Laundering Act of 2020, and removing a subsection from section 6509. The draft text also contains a literal '<all>' markup at the end of the section.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

Repeal of beneficial owner reporting

If enacted, this bill would repeal the Corporate Transparency Act (title LXIV of division F of the FY2021 NDAA) and related AMLA section 6502. You would not have to file beneficial owner reports for many small or closely held businesses that the CTA would have covered. Law enforcement and regulators would lose that centralized reporting tool used to trace ownership and investigate money laundering. These changes would take effect upon enactment.

Fixes to anti-money-laundering penalties

If enacted, this bill would remove references to section 5336 from several penalty and cross‑reference rules in Title 31. It would replace the phrase "sections 5314, 5315, and 5336" with "sections 5314 and 5315" in 31 U.S.C. 5321(a)(1), remove the parenthetical "(except section 5336)" in 31 U.S.C. 5321(a)(6), and replace "section 5315, 5324, or 5336" with "section 5315 or 5324" in 31 U.S.C. 5322. These are technical edits to statutory text that would take effect upon enactment and would not directly change taxes or give money.

Sponsors & CoSponsors

Sponsor

Davidson

OH • R

Cosponsors

  • Balderson

    OH • R

    Sponsored 1/15/2025

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 1/15/2025

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 1/15/2025

  • Buchanan

    FL • R

    Sponsored 1/15/2025

  • Rep. Burlison, Eric [R-MO-7]

    MO • R

    Sponsored 1/15/2025

  • Rep. Cammack, Kat [R-FL-3]

    FL • R

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  • Ciscomani

    AZ • R

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  • Rep. Cloud, Michael [R-TX-27]

    TX • R

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  • Rep. Clyde, Andrew S. [R-GA-9]

    GA • R

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  • Crane

    AZ • R

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  • Rep. Dunn, Neal P. [R-FL-2]

    FL • R

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  • Edwards

    NC • R

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  • Ellzey

    TX • R

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  • Estes

    KS • R

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  • Rep. Ezell, Mike [R-MS-4]

    MS • R

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  • Rep. Finstad, Brad [R-MN-1]

    MN • R

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  • Rep. Fischbach, Michelle [R-MN-7]

    MN • R

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  • Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

    TN • R

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  • Rep. Foxx, Virginia [R-NC-5]

    NC • R

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  • Fulcher

    ID • R

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  • Rep. Graves, Sam [R-MO-6]

    MO • R

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  • Greene (GA)

    GA • R

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  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

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  • Rep. Guest, Michael [R-MS-3]

    MS • R

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  • Hageman

    WY • R

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  • Hern (OK)

    OK • R

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  • Rep. Houchin, Erin [R-IN-9]

    IN • R

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  • Hudson

    NC • R

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  • Johnson (SD)

    SD • R

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  • LaHood

    IL • R

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  • Langworthy

    NY • R

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  • Lee (FL)

    FL • R

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  • Rep. Mace, Nancy [R-SC-1]

    SC • R

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  • Rep. Moolenaar, John R. [R-MI-2]

    MI • R

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  • Rep. Moore, Barry [R-AL-1]

    AL • R

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  • Norman

    SC • R

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  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

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  • Rep. Perry, Scott [R-PA-10]

    PA • R

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  • Pfluger

    TX • R

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  • Rose

    TN • R

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  • Rep. Rouzer, David [R-NC-7]

    NC • R

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  • Rep. Roy, Chip [R-TX-21]

    TX • R

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  • Rep. Rulli, Michael A. [R-OH-6]

    OH • R

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  • Rep. Schweikert, David [R-AZ-1]

    AZ • R

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  • Smith (MO)

    MO • R

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  • Rep. Smith, Adrian [R-NE-3]

    NE • R

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  • Stauber

    MN • R

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  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

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  • Rep. Thompson, Glenn [R-PA-15]

    PA • R

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  • Tiffany

    WI • R

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  • Van Duyne

    TX • R

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    TX • R

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    MT • R

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    GA • R

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  • Bost

    IL • R

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  • Kelly (MS)

    MS • R

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  • Franklin, Scott

    FL • R

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  • Bean (FL)

    FL • R

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  • Stutzman

    IN • R

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  • Rep. Taylor, David J. [R-OH-2]

    OH • R

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  • Rep. Barrett, Tom [R-MI-7]

    MI • R

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  • Rep. Downing, Troy [R-MT-2]

    MT • R

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    TX • R

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  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

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  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

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    OK • R

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  • Onder

    MO • R

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    VA • R

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    NC • R

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  • Rep. Harshbarger, Diana [R-TN-1]

    TN • R

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  • Allen

    GA • R

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  • Rep. Begich, Nicholas J. [R-AK-At Large]

    AK • R

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  • Schmidt

    KS • R

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  • Cole

    OK • R

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  • Rep. Self, Keith [R-TX-3]

    TX • R

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  • Obernolte

    CA • R

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  • Rep. Crank, Jeff [R-CO-5]

    CO • R

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  • Rep. Fallon, Pat [R-TX-4]

    TX • R

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  • Rep. Fry, Russell [R-SC-7]

    SC • R

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  • Rep. Comer, James [R-KY-1]

    KY • R

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  • Rep. Palmer, Gary J. [R-AL-6]

    AL • R

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  • Rep. Bacon, Don [R-NE-2]

    NE • R

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  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

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  • Nehls

    TX • R

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  • Webster (FL)

    FL • R

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  • Rep. Kennedy, Mike [R-UT-3]

    UT • R

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  • McGuire

    VA • R

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  • Bilirakis

    FL • R

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  • Rep. Steube, W. Gregory [R-FL-17]

    FL • R

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  • Rep. Miller-Meeks, Mariannette [R-IA-1]

    IA • R

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  • Rep. Kiggans, Jennifer A. [R-VA-2]

    VA • R

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  • Rep. Strong, Dale W. [R-AL-5]

    AL • R

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  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

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  • Rep. Walberg, Tim [R-MI-5]

    MI • R

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  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

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  • Green (TN)

    TN • R

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  • Rep. Higgins, Clay [R-LA-3]

    LA • R

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  • Rep. Hinson, Ashley [R-IA-2]

    IA • R

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  • Goldman (TX)

    TX • R

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  • Rep. Westerman, Bruce [R-AR-4]

    AR • R

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  • Rep. Miller, Max L. [R-OH-7]

    OH • R

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  • DesJarlais

    TN • R

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  • Rep. Gooden, Lance [R-TX-5]

    TX • R

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  • Moore (WV)

    WV • R

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  • Rep. Newhouse, Dan [R-WA-4]

    WA • R

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  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

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  • Moore (NC)

    NC • R

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  • Rep. Carter, John R. [R-TX-31]

    TX • R

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  • Rep. Carey, Mike [R-OH-15]

    OH • R

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  • Evans (CO)

    CO • R

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  • Feenstra

    IA • R

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  • Rep. Donalds, Byron [R-FL-19]

    FL • R

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  • Rep. Shreve, Jefferson [R-IN-6]

    IN • R

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  • Mills

    FL • R

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  • Wied

    WI • R

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  • Rep. Malliotakis, Nicole [R-NY-11]

    NY • R

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  • Latta

    OH • R

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  • Kelly (PA)

    PA • R

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  • Rep. Carter, Earl L. "Buddy" [R-GA-1]

    GA • R

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    CA • R

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  • Hunt

    TX • R

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    PA • R

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  • Rep. Flood, Mike [R-NE-1]

    NE • R

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  • Timmons

    SC • R

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  • Fedorchak

    ND • R

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  • Brecheen

    OK • R

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  • Rep. Jackson, Ronny [R-TX-13]

    TX • R

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  • Rep. Alford, Mark [R-MO-4]

    MO • R

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  • Turner (OH)

    OH • R

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  • Amodei (NV)

    NV • R

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    IN • R

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    CO • R

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    TX • R

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    CA • R

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    IN • R

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    GA • R

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    NC • R

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    TN • R

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    TX • R

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    AZ • R

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    UT • R

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    IL • R

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    MD • R

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    PA • R

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    OH • R

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    FL • R

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    NC • R

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    UT • R

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    CO • R

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    GA • R

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  • Kustoff

    TN • R

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    ID • R

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    MI • R

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    TX • R

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    PA • R

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    VA • R

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    NY • R

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    KY • R

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    KY • R

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    FL • R

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    OH • R

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    PA • R

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    KS • R

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    LA • R

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    AL • R

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    KY • R

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    CA • R

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    TX • R

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  • Aderholt

    AL • R

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    SC • R

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    TX • R

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    NY • R

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    NJ • R

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    UT • R

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    FL • R

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    VA • R

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    FL • R

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    NY • R

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    SC • R

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    OR • R

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    KY • R

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    CA • R

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    NJ • R

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    WA • R

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    GA • R

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    CA • R

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    PA • R

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  • Rutherford

    FL • R

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    FL • R

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    TX • R

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    FL • R

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  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

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  • Knott

    NC • R

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Roll Call Votes

No roll call votes available for this bill.

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