H.R. 425 · SPONSOR WARREN DAVIDSON R-OH-8
Repealing Big Brother Overreach Act
- Limit reporting to foreign ownership: The reported text narrows beneficial-ownership reporting to foreign individuals and entities formed under foreign law and registered to do business in the United States. Domestic companies would no longer be covered by the reporting-company definition
- Delete certain ownership records: Within 90 days after enactment, the Financial Crimes Enforcement Network must delete collected beneficial-ownership information about individuals who are not foreign beneficial owners and entities that are not reporting companies
- Introduced
- In committee
- Reported▲ THIS MARKUP
- Passed House
- Passed Senate
- Law
What’s next: a floor vote. None is scheduled.
ORDERED REPORTED26–25
READERS · GOOD CALL OR BAD CALL?
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