Ballard Spahr on 21st June published an article reporting on progress of this US legislation. It says that the new draft eliminates the beneficial ownership provision entirely; in its place, the Bill merely requires the Comptroller General “to submit a report evaluating the effectiveness of the collection of beneficial ownership information under the Customer Due Diligence regulation as well as the regulatory burden and costs imposed on financial institutions subject to it”.
https://www.jdsupra.com/legalnews/beneficial-ownership-provision-stripped-70429/
