The Burgess amendment would require an annual report to Congress that examines the aggregated submissions to the beneficial ownership database, thus providing a snapshot of the size, type, and location of reporting entities. I agree that an examination of this data will be helpful to FinCEN as it contemplates rulemakings and to Congress should we consider future refinements of the law. So I would encourage Members to support the amendment. I reserve the balance of my time.
Maxine Waters: “The Burgess amendment would require an annual report to Congress that examines the aggregated submissions to the…”
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