,,ii  #aai? ,,congress  #b;d ,session   
,s4 #ddai  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #bh1 #bjbf,mr4  
,k5n$y 7= himself1 ,mrs4 ,blackburn1    
,mr4 ,ju/ice1 ,mr4 ,m>%all1 ,mr4 ,lee1  
,mr4 ,%eehy1 ,mrs4 ,capito1 ,mr4        
,ricketts1 ,mr4 ,cruz1 & ,mr4 ,banks7   
introduc$ ! 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 require only =eign     
entities to report b5eficial own]%ip    
in=mation1 & = o!r purposes4  #a4       
,b5eficial own]%ip in=mation report+    
requirem5ts  7a7 ,9 g5]al ,section #eccf
 ( title #ca1 ,unit$ ,/ates ,code-- 7#a7
 9 subsection 7a7-- 7,a7 by /rik+       
p>agraph 7#b7 & ins]t+ ! foll[+3  7#b7  
,applicant ,! t]m applicant means any   
individual :o regi/]s or files an       
application to regi/] a corporation1    
limit$ liability company1 or o!r simil> 
entity =m$ "u ! laws ( a =eign c\ntry to
 d bus9ess 9 ! ,unit$ ,/ates by fil+ a  

docum5t ) ! secret>y ( /ate or simil>   
(fice "u ! laws ( a ,/ate or ,indian    
,tribe4  2  7,b7 9 p>agraph 7#c77;,b7-- 
7i7 9 clause 7iv71 by /rik+ or at ! end2
  7ii7 9 clause 7v71 by /rik+ ! p]iod at
 ! end & ins]t+ 2 or2 &  7iii7 by add+  
at ! end ! foll[+3  7vi7 any ,unit$     
,/ates p]son4  2 &  7,c7 9 p>agraph     
7#aa71 by /rik+ subp>agraph 7,a7 &      
ins]t+ ! foll[+3  7,a7 means a          
corporation1 limit$ liability company1  
or o!r simil> entity t is-- 7i7 =m$ "u !
 law ( a =eign c\ntry2 &  7ii7 regi/]$  
to d bus9ess 9 ! ,unit$ ,/ates by ! fil+
 ( a docum5t ) a secret>y ( /ate or a   
simil> (fice "u ! laws ( a ,/ate or     
,indian ,tribe2 &  2 &  7#b7 9          
subsection 7b77#b77;,a77iv7-- 7,a7 9    
subclause 7,i71 by /rik+ or at ! end2   
7,b7 9 subclause 7,,ii71 by /rik+ !     
p]iod at ! end & ins]t+ a semicolon2 &  
7,c7 by add+ at ! end ! foll[+3  7,,iii7
 ! =eign jurisdiction ( =mation ( !     
report+ company2 or  7,,iv7 ! ,/ate or  
tribal jurisdiction :]e ! report+       

company fir/ regi/]s4  4  7b7           
,exemptions  7#a7 ,def9itions ,9 ?is    
subsection1 ! t]ms b5eficial own]1      
report+ company1 & ,unit$ ,/ates p]son h
 ! mean+s giv5 ! t]ms 9 section #eccf ( 
title #ca1 ,unit$ ,/ates ,code4  7#b7   
,exemptions ,not)/&+ any o!r provision (
 law-- 7,a7 no report+ company %all be  
requir$ to report ! b5eficial own]%ip   
in=mation ( any ,unit$ ,/ates p]son :o  
is a b5eficial own]2 &  7,b7 no ,unit$  
,/ates p]son %all be requir$ to provide 
b5eficial own]%ip in=mation ) respect to
 any report+ company = :i* !y are a     
b5eficial own]4  7c7 ,deletion (        
in=mation  7#a7 ,9 g5]al ,n lat] ?an #ij
 days aft] ! date ( enactm5t ( ?is ,act1
 ! ,f9ancial ,crimes ,en=cem5t ,network 
( ! ,dep>tm5t ( ! ,treasury %all delete 
all b5eficial own]%ip in=mation ( any   
,unit$ ,/ates p]son4  7#b7 ,ret5tion ,! 
,f9ancial ,crimes ,en=cem5t ,network may
 ma9ta9 any b5eficial own]%ip in=mation 
relat+ to any p]son t is n a ,unit$     
,/ates p]son4