Repealing Big Brother Overreach Act

The 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Authorization Act for Fiscal Year 2021 (Public Law 116–283; 134 Stat. 4604)) and the amendments made by that Act are repealed.

(1) Title 31, United States Code, is amended—

(A) in section 5321(a)—

(i) in paragraph (1), by striking sections 5314, 5315, and 5336 each place the term appears and inserting sections 5314 and 5315; and

(ii) in paragraph (6), by striking (except section 5336) each place the term appears; and

(B) in section 5322, by striking section 5315, 5324, or 5336 each place the term appears and inserting section 5315 or 5324.

(2) Title LXV of the Anti-Money Laundering Act of 2020 (division F of the of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Public Law 116–283; 134 Stat. 4604)) is amended—

(A) by repealing section 6502 (134 Stat. 4626); and

(B) in section 6509 (134 Stat. 4633)—

(i) by striking (a) In general.—Subsection (l) and inserting Subsection (l); and

(ii) by striking subsection (b).