United States 119th Congress Status: In Committee 35 R cosponsors

S 100 — Repealing Big Brother Overreach Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 15, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 35 sponsors

    1 primary, 34 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (35 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill repeals the Corporate Transparency Act.

The bill seeks to repeal the Corporate Transparency Act, which requires companies to report ownership information. This move would eliminate the obligations set forth by that Act.

Summary

Repealing Big Brother Overreach ActThis 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.

Bill Text

How this bill changes current law

7 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill repeals the Corporate Transparency Act and makes related amendments to existing law.

  • 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

    The entire Corporate Transparency Act and its amendments are eliminated from the law.

  • 31 U.S.C. 5321

    sections 5314, 5315, and 5336 → sections 5314 and 5315

    This change removes references to section 5336 in the penalties section.

  • 31 U.S.C. 5321

    (except section 5336)

    This change eliminates the exception for section 5336 in the penalties section.

  • 31 U.S.C. 5322

    section 5315, 5324, or 5336 → section 5315 or 5324

    This change removes section 5336 from the references in the penalties section.

  • Anti-Money Laundering Act of 2020

    section 6502

    This change removes section 6502 of the Anti-Money Laundering Act entirely.

  • Anti-Money Laundering Act of 2020

    (a) In General.-- Subsection (l) → Subsection (l)

    This change modifies the introduction of subsection (l) by eliminating the reference to subsection (a) in the Anti-Money Laundering Act.

  • Anti-Money Laundering Act of 2020

    subsection (b)

    This change removes subsection (b) from the Anti-Money Laundering Act.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 34 co-sponsors · 512 not signed on

Sponsors (1)

Co-sponsors (34)

Not signed on (512)

512 members have not signed on to this bill.

Show all 512 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance civil-rights
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 100 do?
Repealing Big Brother Overreach ActThis 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.
Who sponsors S 100?
S 100 is sponsored by Tuberville, Tommy (Republican), Cruz, Ted (Republican), Ricketts, Pete (Republican), Moreno, Bernie (Republican), Lummis, Cynthia M. (Republican), Blackburn, Marsha (Republican), Boozman, John (Republican), Scott, Rick (Republican), Sullivan, Dan (Republican), Fischer, Deb (Republican), Sheehy, Tim (Republican), Tillis, Thomas (Republican), Budd, Ted (Republican), Paul, Rand (Republican), Hagerty, Bill (Republican), Cramer, Kevin (Republican), Hyde-Smith, Cindy (Republican), Lankford, James (Republican), Marshall, Roger (Republican), Schmitt, Eric (Republican), Barrasso, John (Republican), Daines, Steve (Republican), Risch, James E. (Republican), Young, Todd (Republican), Lee, Mike (Republican), McCormick, David (Republican), Capito, Shelley Moore (Republican), Justice, James C. (Republican), Curtis, John R. (Republican), Graham, Lindsey (Republican), Banks, Jim (Republican), Hoeven, John (Republican), Britt, Katie Boyd (Republican), Husted, Jon (Republican), and Moody, Ashley (Republican).
What is the current status of S 100?
This bill is in committee in the Senate. Introduced January 15, 2025. It must pass committee before a floor vote.
Where can I track S 100?
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