Bill to Repeal Corporate Transparency Act Reintroduced
Sen. Tommy Tuberville, R-Ala., and Rep. Warren Davidson, R-Ohio, reintroduced a bill Jan. 15 to repeal the Corporate Transparency Act, which would require many companies to submit information on who owns and controls them.
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
The lawmakers say the CTA would invade the privacy of small business owners. The reporting requirements mandated by the law were scheduled to take effect this month but have been put on hold amid a legal challenge (see 2412270046).
The bill, titled the Repealing Big Brother Overreach Act, was referred to the Senate Banking Committee and the House Financial Services Committee. It was previously introduced in 2024 (see 2405030058).