HR 425: Repealing Big Brother Overreach Act

Congress: 119 · Status: active · Israel/Palestine classification: pro-Israel

Data (JSON) — machine-readable record of this bill (identifiers, sponsor, classification, actions, and the member-by-member vote breakdown).

Official record on Congress.gov — full text, actions, and cosponsor history for HR 425.

Sponsor: Davidson, Warren (R-Ohio)

Summary

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.

Editorial Explainer

This bill repeals the Corporate Transparency Act, which requires companies to disclose their beneficial owners to the Treasury Department's Financial Crimes Enforcement Network. The transparency requirement was designed to combat terrorism financing and money laundering.

Why it matters

VoteLog's pro-Israel classification reflects the documented legislative record: opponents of this transparency mandate have included groups focused on shielding Israeli settlement entities and related financial flows from disclosure requirements. Repealing beneficial ownership reporting would reduce visibility into funding sources for activities across the Israel-Palestine issue space.

Cosponsors (193)