Prohibits any regulation prescribed by the Secretary of the Treasury or any Federal banking agency that would require a depository institution or any other private entity to obtain information concerning any person in connection with a financial transaction between such person and such entity (know your customer regulation) from taking effect.
Read twice and referred to the Committee on Banking.
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 26.
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