Butler County Today

WASHINGTON D.C. – Rep. Warren Davidson (R-OH) introduced the Repealing Big Brother Overreach Act today alongside 11 other House colleagues and support from Sen. Tommy Tuberville (R-AL). This legislation repeals the Corporate Transparency Act of 2021 (CTA) and provides American business owners, specifically small business owners, relief from burdensome reporting requirements and excessive penalties.

"The Financial Crimes Enforcement Network (FinCEN) is violating the personal privacy of American business owners by forcing them to disclose sensitive information. The Corporate Transparency Act must be repealed," said Rep. Warren Davidson (R-OH). "Congress must ensure that the federal government fits within the Constitution. That's why I'm introducing this legislation and asking my colleagues to join me to pass it."

"The Corporate Transparency Act is big-government overreach at its worse. The Biden Treasury Department is attempting to create a database on every American business owner. Failure to register by the end of the year could land you in jail. This unprecedented intrusion into personal privacy must be stopped. You’d expect this sort of thing in Communist China but not in the United States of America. I am proud to be partnering with Congressman Warren Davidson in introducing a bill to repeal the Corporate Transparency Act," said Sen. Tommy Tuberville (R-AL).

“The Corporate Transparency is one of the largest, most burdensome, and intrusive pieces of legislation affecting the small business economy in generations. This Act singles out and subjects small business owners to civil and criminal penalties for simple paperwork violations, and allows state, federal, and international law enforcement, nearly unfettered access to a database containing the private and sometimes confidential information of millions of small business owners. This Act is broken beyond repair, and NFIB applauds Senator Tuberville and Congressman Davidson for introducing legislation to repeal it,” said Jeff Brabant, Vice-President of Federal Government Relations at NFIB.