II
119th CONGRESS
1st Session
S. 100
IN THE SENATE OF THE UNITED STATES
January 15, 2025
Mr. Tuberville (for himself, Mr. Cruz, Mr. Ricketts, Mr. Moreno, Ms. Lummis, Mrs. Blackburn, Mr. Boozman, Mr. Scott of Florida, Mr. Sullivan, Mrs. Fischer, Mr. Sheehy, Mr. Tillis, Mr. Budd, Mr. Paul, Mr. Hagerty, Mr. Cramer, Mrs. Hyde-Smith, Mr. Lankford, Mr. Marshall, Mr. Schmitt, Mr. Barrasso, Mr. Daines, Mr. Risch, Mr. Young, and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To repeal the Corporate Transparency Act.
Short title
This Act may be cited as the Repealing Big Brother Overreach Act
.
Repeal
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Authorization Act for Fiscal Year 2021 (Public Law 116–283; 134 Stat. 4604)) and the amendments made by that Act are repealed.
Technical and conforming amendments
Title 31, United States Code, is amended—
in section 5321(a)—
in paragraph (1), by striking sections 5314, 5315, and 5336
each place the term appears and inserting sections 5314 and 5315
; and
in paragraph (6), by striking (except section 5336)
each place the term appears; and
in section 5322, by striking section 5315, 5324, or 5336
each place the term appears and inserting section 5315 or 5324
.
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—
by repealing section 6502 (134 Stat. 4626); and
in section 6509 (134 Stat. 4633)—
by striking (a) In general.—Subsection (l)
and inserting Subsection (l)
; and
by striking subsection (b).