President Joseph R. Biden signed an "Executive Order on Ensuring Responsible Development of Digital Assets," which outlined a "first ever, whole-of-government approach" to address the risks and potential benefits of digital assets.
FinCEN extended the date for certain Report of Foreign Bank and Financial Accounts ("FBAR") filings until April 15, 2023. The extension applies to certain U.S. persons with authority over foreign financial accounts.
FinCEN extended the Foreign Bank and Financial Accounts reporting deadline for filers affected by certain severe weather events. The relief was extended from October 15, 2021, to December 31, 2021.
FinCEN provided relief for Report of Foreign Bank and Financial Accounts filers that are impacted by the California wildfires, the Iowa derecho, Hurricane Laura, the Oregon wildfires and Hurricane Sally.
The U.S. House of Representatives passed a bill requiring U.S. corporations and limited liability companies to disclose beneficial ownership information.