diff --git a/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx b/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx
index 1ff34412bea7..3eb141d58f41 100644
--- a/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx
+++ b/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx
@@ -1,4 +1,3 @@
-import ExpensiMark from 'expensify-common/lib/ExpensiMark';
 import {truncate} from 'lodash';
 import lodashSortBy from 'lodash/sortBy';
 import React from 'react';
@@ -11,7 +10,6 @@ import MoneyRequestSkeletonView from '@components/MoneyRequestSkeletonView';
 import MultipleAvatars from '@components/MultipleAvatars';
 import OfflineWithFeedback from '@components/OfflineWithFeedback';
 import PressableWithoutFeedback from '@components/Pressable/PressableWithoutFeedback';
-import RenderHTML from '@components/RenderHTML';
 import ReportActionItemImages from '@components/ReportActionItem/ReportActionItemImages';
 import {showContextMenuForReport} from '@components/ShowContextMenuContext';
 import Text from '@components/Text';
@@ -63,7 +61,6 @@ function MoneyRequestPreviewContent({
     const StyleUtils = useStyleUtils();
     const {translate} = useLocalize();
     const {isSmallScreenWidth, windowWidth} = useWindowDimensions();
-    const parser = new ExpensiMark();
 
     const sessionAccountID = session?.accountID;
     const managerID = iouReport?.managerID ?? -1;
@@ -298,12 +295,9 @@ function MoneyRequestPreviewContent({
                                                 {!isCurrentUserManager && shouldShowPendingConversionMessage && (
                                                     <Text style={[styles.textLabel, styles.colorMuted]}>{translate('iou.pendingConversionMessage')}</Text>
                                                 )}
-                                                {shouldShowDescription && (
-                                                    <View style={[styles.breakWord, styles.preWrap]}>
-                                                        <RenderHTML html={`<muted-text>${parser.replace(merchantOrDescription)}</muted-text>`} />
-                                                    </View>
+                                                {(shouldShowMerchant || shouldShowDescription) && (
+                                                    <Text style={[styles.textLabelSupporting, styles.textNormal]}>{merchantOrDescription}</Text>
                                                 )}
-                                                {shouldShowMerchant && <Text style={[styles.textLabelSupporting, styles.textNormal]}>{merchantOrDescription}</Text>}
                                             </View>
                                             {isBillSplit && participantAccountIDs.length > 0 && !!requestAmount && requestAmount > 0 && (
                                                 <Text style={[styles.textLabel, styles.colorMuted, styles.ml1, styles.amountSplitPadding]}>
diff --git a/src/components/ReportActionItem/ReportPreview.tsx b/src/components/ReportActionItem/ReportPreview.tsx
index 57563d1ac181..54f9f1aa081f 100644
--- a/src/components/ReportActionItem/ReportPreview.tsx
+++ b/src/components/ReportActionItem/ReportPreview.tsx
@@ -1,4 +1,3 @@
-import ExpensiMark from 'expensify-common/lib/ExpensiMark';
 import React, {useMemo} from 'react';
 import type {StyleProp, ViewStyle} from 'react-native';
 import {View} from 'react-native';
@@ -9,7 +8,6 @@ import Icon from '@components/Icon';
 import * as Expensicons from '@components/Icon/Expensicons';
 import OfflineWithFeedback from '@components/OfflineWithFeedback';
 import PressableWithoutFeedback from '@components/Pressable/PressableWithoutFeedback';
-import RenderHTML from '@components/RenderHTML';
 import SettlementButton from '@components/SettlementButton';
 import {showContextMenuForReport} from '@components/ShowContextMenuContext';
 import Text from '@components/Text';
@@ -227,16 +225,14 @@ function ReportPreview({
         numberOfRequests === 1 && (!!formattedMerchant || !!formattedDescription) && !(hasOnlyTransactionsWithPendingRoutes && !totalDisplaySpend);
     const shouldShowSubtitle = !isScanning && (shouldShowSingleRequestMerchantOrDescription || numberOfRequests > 1);
 
-    const {isSupportTextHtml, supportText} = useMemo(() => {
+    const {supportText} = useMemo(() => {
         if (formattedMerchant) {
-            return {isSupportTextHtml: false, supportText: formattedMerchant};
+            return {supportText: formattedMerchant};
         }
         if (formattedDescription ?? moneyRequestComment) {
-            const parsedSubtitle = new ExpensiMark().replace(formattedDescription ?? moneyRequestComment);
-            return {isSupportTextHtml: !!parsedSubtitle, supportText: parsedSubtitle ? `<muted-text>${parsedSubtitle}</muted-text>` : ''};
+            return {supportText: formattedDescription ?? moneyRequestComment};
         }
         return {
-            isSupportTextHtml: false,
             supportText: translate('iou.expenseCount', {
                 count: numberOfRequests - numberOfScanningReceipts - numberOfPendingRequests,
                 scanningReceipts: numberOfScanningReceipts,
@@ -310,11 +306,7 @@ function ReportPreview({
                                         {shouldShowSubtitle && supportText && (
                                             <View style={styles.flexRow}>
                                                 <View style={[styles.flex1, styles.flexRow, styles.alignItemsCenter]}>
-                                                    {isSupportTextHtml ? (
-                                                        <RenderHTML html={supportText} />
-                                                    ) : (
-                                                        <Text style={[styles.textLabelSupporting, styles.textNormal, styles.lh20]}>{supportText}</Text>
-                                                    )}
+                                                    <Text style={[styles.textLabelSupporting, styles.textNormal, styles.lh20]}>{supportText}</Text>
                                                 </View>
                                             </View>
                                         )}