How S 100 changes current law

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.