Repealing Big Brother Overreach Act
2/12/2025, 6:32 PMSummary of Bill S 100
Bill 119 s 100 is a proposed piece of legislation in the US Congress that aims to repeal the Corporate Transparency Act. The Corporate Transparency Act was originally passed in order to increase transparency and accountability in corporate ownership and prevent money laundering and other illicit activities.If Bill 119 s 100 were to be passed, it would effectively undo the provisions of the Corporate Transparency Act. This would mean that the requirements for corporations to disclose their beneficial owners and other key information would no longer be in place.
Supporters of Bill 119 s 100 argue that the Corporate Transparency Act places unnecessary burdens on businesses and infringes on their privacy rights. They believe that the Act is overly intrusive and creates unnecessary red tape for corporations. Opponents of Bill 119 s 100, on the other hand, argue that repealing the Corporate Transparency Act would make it easier for criminals and other bad actors to hide their illicit activities behind the veil of corporate ownership. They believe that the Act is an important tool in the fight against money laundering and other financial crimes. Overall, the passage of Bill 119 s 100 would have significant implications for corporate transparency and accountability in the United States. It is important for lawmakers and the public to carefully consider the potential consequences of repealing the Corporate Transparency Act before making a decision on this bill.
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Current Status of Bill S 100
Bill S 100 is currently in the status of Bill Introduced since January 15, 2025. Bill S 100 was introduced during Congress 119 and was introduced to the Senate on January 15, 2025. Bill S 100's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 15, 2025Bipartisan Support of Bill S 100
Total Number of Sponsors
4Democrat Sponsors
0Republican Sponsors
4Unaffiliated Sponsors
0Total Number of Cosponsors
49Democrat Cosponsors
0Republican Cosponsors
49Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 100
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 100
A bill to repeal the Corporate Transparency Act.A bill to repeal the Corporate Transparency Act.Comments
Most relevant
Sponsors and Cosponsors of S 100
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