GOP bill a 'staggering gift' to money-launderers and Iranian proxies (opens in new tab)

Repealing Big Brother Overreach Act of 2026. Davidson is touting his bill, which would repeal the Corporate Transparency Act of 2021, as an effort to make life easier for businesses. But according to journalist/author Casey Michel, Davidson's bill, if it became law, would be a victory, not a setback, for "autocrats" and corrupt shell companies."In late April, Trump's allies on the House Financial Services Committee pushed through legislation by a one-vote margin to formally repeal the require...