S4419-119

In Committee

A bill to amend title 31, United States Code, to require only foreign entities to report beneficial ownership information, and for other purposes.

119th Congress Introduced Apr 28, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill requires loosens a reporting req, compliance mandate, liability shield provision: 1. It relies on reporting requirements, compliance mandates, and liability protections. The main policy areas are Environment.

Who Benefits and How

The available clause analysis does not identify a specific beneficiary group.

Who Bears the Burden and How

No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.

Key Provisions

  • Requires loosens a reporting req, compliance mandate, liability shield provision: 1.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.

At a Glance

What This Bill Does

The bill requires loosens a reporting req, compliance mandate, liability shield provision: 1.

Key Policy Areas

Environment

Primary Purpose

The bill requires loosens a reporting req, compliance mandate, liability shield provision: 1.

Policy Domains

Environment

Legislative Progress

In Committee
Introduced Committee Passed
Apr 28, 2026

Read twice and referred to the Committee on Banking, Housing, …

Apr 28, 2026

Introduced in Senate

Apr 28, 2026

Mr. Kennedy (for himself, Mrs. Blackburn, Mr. Justice, Mr. Marshall, …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Environment
Actor Mappings
"the_secretary"
→ The Secretary identified in the operative section

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology