[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6403 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 6403

   To require the Secretary of the Treasury to modify the beneficial 
 ownership requirements by creating an exception for certain accounts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2018

   Mr. Budd introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To require the Secretary of the Treasury to modify the beneficial 
 ownership requirements by creating an exception for certain accounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCEPTION TO THE BENEFICIAL OWNERSHIP REQUIREMENTS FOR 
              CERTAIN FINANCIAL PRODUCTS AND SERVICES.

    The Secretary of the Treasury shall modify section 1010.230 of 
title 31, Code of Federal Regulations, by adding the exceptions created 
by the Financial Crimes Enforcement Network's ruling FIN-2018-R002, 
issued May 16, 2018.
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