Lawmaker Reintroduces FinCEN Oversight Bill

Rep. Warren Davidson, R-Ohio, reintroduced a bill Jan. 3 to require the Treasury Department to keep lawmakers informed on the work of the Financial Crimes Enforcement Network, particularly how it responds to unlawful activity. The FinCEN Oversight and Accountability Act also would require the agency to provide guidance to small businesses on beneficial ownership reporting requirements. The bill was referred to the House Financial Services Committee.