,,ii  #aah? ,,congress  #b;d ,session   
,s4 #efca  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ai           
7legislative day1 ,decemb] #af71 #bjbd  
,mr4 ,da9es 7= himself & ,mr4 ,van      
,holl57 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d title #ca1 ,unit$      
,/ates ,code1 to provide = access to    
c]ta9 b5eficial own]%ip in=mation4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,own]%ip ,cl>ity ,act4  #b4 ,access to  
b5eficial own]%ip in=mation ,section    
#eccf ( title #ca1 ,unit$ ,/ates ,code1 
is am5d$--  7#a7 by r$esignat+          
subsection 7j7 z subsection 7k72 &  7#b7
 by ins]t+ aft] subsection 7i7 ! foll[+3
  7j7 ,access to b5eficial own]%ip      
in=mation  7#a7 ,def9itions ,9 ?is      
subsection3 7,a7 ,access lic5se ,! t]m  
access lic5se means a lic5se to access  
b5eficial own]%ip in=mation 9 accordance
 ) ?is subsection4  7,b7 ,cov]$ entity  
,! t]m cov]$ entity means a f9ancial    

in/itution t provides1 or an entity t   
assi/s a f9ancial in/itution 9 provid+1 
scre5+ s]vices4  7,c7 ,p]mitt$ p]sonnel 
,! t]m p]mitt$ p]sonnel means p]sonnel (
 a cov]$ entity :o are p]mitt$ to access
 b5eficial own]%ip in=mation 9          
accordance ) ?is subsection4  7,d7      
,p]mitt$ purpose ,! t]m p]mitt$ purpose 
means ! use ( b5eficial own]%ip         
in=mation = scre5+ s]vices4  7,e7       
,scre5+ s]vices ,! t]m scre5+ s]vices   
means ! risk managem5t proc$ures &      
activities und]tak5 by p]mitt$ p]sonnel 
= ! protection ( ! ,unit$ ,/ates        
national security f int]national illicit
 actors & corrupt =eign (ficials :o seek
 to exploit ! f9ancial sy/ems ( ! ,unit$
 ,/ates by engag+ 9 illicit activity su*
 z s]i\s tax fraud1 human & drug        
traffick+1 money laund]+1 f9anc+        
t]rorism4  7#b7 ,access lic5ses  7,a7 ,9
 g5]al ,not)/&+ any o!r provision ( ?is 
section1 ! ,director %all e/abli% a     
process by :i* cov]$ entities may apply 
to ! ,director = an access lic5se4  7,b7

 ,det]m9ation ,! ,director may n issue  
an access lic5se to a cov]$ entity      
unless ! ,director det]m9es t--  7i7    
access to b5eficial own]%ip in=mation "u
 ?is subsection is pr$icat$ ^u a        
reasonable conc]n = ,unit$ ,/ates       
national security & ,unit$ ,/ates       
economic /ability1 by id5tify+          
int]national illicit actors & corrupt   
=eign (ficials & prev5t+ int]national   
illicit activity su* z-- 7,i7           
int]national t]rori/ f9anc+2  7,,ii7 any
 activity engag$ 9 by an ag5t ( !       
,gov]nm5t ( ,iran1 ,nor? ,korea1 ,syria1
 or any o!r gov]nm5t ! ,secret>y ( ,/ate
 has det]m9$ has repeat$ly provid$      
support = acts ( int]national t]rorism =
 purposes (-- 7aa7 section              
#aged7;c77#a77;,a77i7 ( ! ,export       
,control ,re=m ,act ( #bjah 7#ej        
,u4,s4,c4 #dhac7;c77#a77;,a77i772  7bb7 
section #fbj;,a ( ! ,=eign ,assi/ance   
,act ( #aifa 7#bb ,u4,s4,c4 #bcga72     
7cc7 section #dj7;d7 ( ! ,arms ,export  
,control ,act 7#bb ,u4,s4,c4 #bghj7;d772

 or  7dd7 any o!r provision ( law2      
7,,iii7 any activity engag$ 9 by any    
individual or entity includ$ on ! li/ ( 
specially designat$ nationals & block$  
p]sons ma9ta9$ by ! ,(fice ( ,=eign     
,assets ,control ( ! ,dep>tm5t ( !      
,treasury2 or  7,,iv7 any o!r illicit   
f9ancial conduct directly or indirectly 
support+ a transnational crim9al        
organization1 transnational drug        
traffick+ organization1 or transnational
 money laund]+ organization2  7ii7 !    
cov]$ entity limits access to & use ( ! 
b5eficial own]%ip in=mation to p]mitt$  
p]sonnel ( ! cov]$ entity 9 connection  
)1 or to support1 scre5+ s]vices2 &     
7iii7 ! use1 disclosure1 & ret5tion ( ! 
b5eficial own]%ip in=mation is /rictly  
limit$ to a p]mitt$ purpose4  7,c7      
,duration  7i7 ,9 g5]al ,an access      
lic5se issu$ "u ?is subsection %all     
expire on ! date t is #b ye>s aft] !    
date on :i* ! lic5se is issu$4  7ii7    
,r5ewal ,an expir$ access lic5se may be 
r5ew$ = #b-ye> p]iods 9 accordance ) !  

process e/abli%$ "u ?is p>agraph4  7#c7 
,regulations ,! ,director %all          
promulgate regulations gov]n+ ! use1    
disclosure1 & ret5tion ( ! b5eficial    
own]%ip in=mation access$ pursuant to an
 access lic5se issu$ "u ?is subsection4 
4