On the recordFebruary 13, 2024
When do you think we will have a proposed rule to rescind the CDD requirement?
Source
congress.govWhen do you think we will have a proposed rule to rescind the CDD requirement?
McHenry asked about the timeline for proposing a rule change.
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The deal is within reach, it just has to be agreed to and we're waiting for the White House to understand the current set of terms we're dealing with.
Our goal is to make a law, and we expect you to play a constructive role in that process.
It is clear that if changes are not made, Congress must act to delay the rulemaking's effective date.
I want to first commend the Administration on the appointment of Andrea Gacki as the new Director of FinCEN.