Untitled section
Title I
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None of the funds made available by this Act may be used by the Financial Crimes Enforcement Network to implement or enforce beneficial ownership reporting rules pursuant to 31 U.S.C. 5336 that have been found by a Federal court to be unconstitutional or do not reflect Congressional intent, including reporting rules for small businesses and homeowners associations. The Secretary of the Treasury shall provide a report to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives, and the Senate Committee on Banking, Housing, and Urban Affairs not later than 90 days after the enactment of this Act describing the status and use of existing beneficial ownership information submitted by domestic entities after January 1, 2024 and currently held by the Department of the Treasury.