,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fhfe  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bd1        
#bjah,mr4 ,ku/(f ( ,t5nessee introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to direct ! ,comptroll] ,g5]al 
( ! ,unit$ ,/ates to conduct c]ta9      
/udies1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,mod]niz+ ,illicit ,f9ancial            
,acc\ntability & ,report+ ,act4  #b4    
,/udies & reports  7a7 ,b5eficial       
own]%ip ,n lat] ?an #b ye>s aft] ! date 
( enactm5t ( ?is ,act1 ! ,comptroll]    
,g5]al ( ! ,unit$ ,/ates %all conduct a 
/udy & submit to ! ,congress a report-- 
7#a7 evaluat+ ! effectiv5ess ( !        
collection ( b5eficial own]%ip in=mation
 "u ! f9al rule ( ! ,dep>tm5t ( !       
,treasury entitl$ ,cu/om] ,due ,dilig5ce
 ,requirem5ts = ,f9ancial ,in/itutions  
7,,cdd rule7 & publi%$ ,may #aa1 #bjaf  
7#ha ,f$4 ,reg4 #bicig71 includ+--  7,a7
 :e!r law en=cem5t ag5cies h _h timely  

access to ! in=mation2  7,b7 ! utility (
 su* in=mation 9 law en=cem5t           
inve/igations or prosecutions2  7,c7 an 
analysis ( ! report+ burd5 plac$ on     
f9ancial in/itutions v]sus ! utility (  
su* in=mation be+ made available to law 
en=cem5t2 &  7,d7 :e!r fur!r legislation
 is requir$ to r$uce regulatory burd5s  
or increase ! utility & timely access ( 
su* in=mation to law en=cem5t2  7#b7    
assess+ ! effectiv5ess ( incorporation  
practices implem5t$ "u ! ,,cdd rule4    
7b7 ,compreh5sive co/-,b5efit analysis  
,n lat] ?an #b ye>s aft] ! date (       
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all conduct a 
/udy & submit to ! ,congress a report-- 
7#a7 provid+ a compreh5sive quantitative
 & qualitative e/imate ( ! annualiz$    
co/s to ! private sector to comply ) !  
/atutory & regulatory requirem5ts ( !   
,bank ,secrecy ,act & relat$ anti-money 
laund]+ laws & regulations2  7#b7       
provid+ a compreh5sive qualitative &    
quantitative analysis ( ! effectiv5ess (

 ! curr5t anti-money laund]+ & c\nt]    
t]rori/ f9anc+ framework 9 prev5t+1     
detect+1 & prosecut+ t]rori/ & illicit  
f9anc+2  7#c7 provid+ a compreh5sive    
qualitative & quantitative analysis ( ! 
b5efits & co/s to bo? ! private sector &
 ! ,gov]nm5t ( ! private sector's       
compliance ) ! /atutory & regulatory    
requirem5ts ( ! ,bank ,secrecy ,act &   
relat$ anti-money laund]+ laws &        
regulations2 &  7#d7 exam9+ ! co/s borne
 & effect on access to f9ancial s]vices 
= consum]s & cu/om]s z a result (       
f9ancial in/itutions compliance ) !     
/atutory & regulatory requirem5ts ( !   
,bank ,secrecy ,act & relat$ anti-money 
laund]+ laws & regulations4  #c4        
,def9itions ,= purposes ( ?is ,act3 7#a7
 ,bank ,secrecy ,act ,! t]m ,bank       
,secrecy ,act means--  7,a7 section #ba 
( ! ,f$]al ,deposit ,insurance ,act2    
7,b7 *apt] #b ( title ,i ( ,public ,law 
#ia-ejh2 &  7,c7 sub*apt] ,,ii ( *apt]  
#ec ( title #ca1 ,unit$ ,/ates ,code4   
7#b7 ,f9ancial in/itution ,! t]m        

f9ancial in/itution has ! mean+ giv5 t  
t]m "u section #ecab ( title #ca1 ,unit$
 ,/ates ,code4