H.R. 425 Congress 119 session
Repealing Big Brother Overreach Act
Repealing Big Brother Overreach Act This bill repeals the Corporate Transparency Act. The act requires existing companies and newly created companies to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network for purposes of addressing the financing of terrorism and money laundering.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Awaiting a floor vote — last recorded action June 18, 2026
Placed on the Union Calendar, Calendar No. 609.
Passage likelihood
40% Comparable to other bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 4% of introduced federal bills are enacted.
- Current stage Scheduled for or awaiting a floor vote.
- Cosponsors 193 cosponsors.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Placed on the Union Calendar, Calendar No. 609.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-701.
- Ordered to be Reported by the Yeas and Nays: 26 - 25.
- Committee Consideration and Mark-up Session Held
- Referred to the House Committee on Financial Services.
- Introduced in House
- Introduced in House