CONGRESS FOR VOTERS

RepublicanBill · S. 100· Senate(119-S-100)

Repealing Big Brother Overreach Act

Rep. Tuberville
Age: 72 years
Alabama
Introduced
1/15/2025
Last activity
1/15/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Tommy Tuberville
Cosponsors
Republican - 34Democrat - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Repealing Big Brother Overreach Act," seeks to repeal the Corporate Transparency Act. The Corporate Transparency Act is currently part of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021. The legislation includes specific technical and conforming amendments to Title 31 of the United States Code. It also mandates amendments to Title LXV of the Anti-Money Laundering Act of 2020.

Yes· 3 of 4

  • Would business owners be better off under this?+6

    The bill removes the regulatory burden of beneficial ownership reporting on business entities.

  • Does this protect people from being watched or searched?+6

    The repeal prevents the government from collecting personal information about corporate owners through the Corporate Transparency Act.

  • Would people with substantial wealth be better off under this?+5

    The repeal of ownership disclosure requirements benefits individuals with significant corporate holdings.

The opposite

  • Does this make what the government does easier for the public to see?-7

    Repealing the Corporate Transparency Act removes requirements for reporting beneficial ownership information to the government.

  • Does this give the federal government more power?-5

    The bill reduces federal oversight by repealing the Corporate Transparency Act.