2026-16600Proposed RuleWallet

Treasury's Reg Agenda: Because Paperwork Loves Company

Published Date: 8/14/2026

Proposed Rule

Summary

This notice is given pursuant to the requirements of the Regulatory Flexibility Act and Executive Order 12866 ("Regulatory Planning and Review"), as amended, which require the publication by the Department of an agenda of regulations.

Analyzed Economic Effects

8 provisions identified: 1 benefits, 6 costs, 1 mixed.

Changes to bank customer due diligence

FinCEN intends to revise customer due diligence (CDD) rules to account for beneficial ownership reporting under Section 6403(d) of the Corporate Transparency Act. If you own or run a small company, banks and other financial institutions may collect or verify new beneficial-ownership information when you use their services.

New ID program rules for investment advisers

FinCEN (with the SEC) plans to reissue a proposed rule that would require registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish customer identification programs (CIPs) as part of their anti-money-laundering programs. Advisers would need written procedures to identify and verify customer identities, which creates new compliance obligations for those firms.

Revision of AML/CFT program rules

FinCEN is proposing a new rule to revise requirements for financial institutions' anti-money-laundering and countering the financing of terrorism (AML/CFT) programs, superseding an earlier 2024 proposal. The revision is aimed at modernizing Bank Secrecy Act implementation and implementing parts of the AML Act.

Stablecoin issuers treated as financial institutions

FinCEN and OFAC plan to propose rules implementing the GENIUS Act that would treat permitted payment stablecoin issuers (PPSIs) as financial institutions under the Bank Secrecy Act and require PPSIs to maintain anti-money-laundering/countering-the-financing-of-terrorism (AML/CFT) obligations and an effective sanctions compliance program.

Stablecoin users subject to ID checks

The agencies also plan a proposed rule requiring permitted payment stablecoin issuers (PPSIs) to maintain an effective customer identification program (CIP). If you hold or use stablecoins, issuers may require identity verification before you can transact with them.

Changes to bank risk-based capital rules

The OCC, Federal Reserve Board, and FDIC plan a joint proposed rule to revise risk-based capital rules that apply to bank holding companies and depository institutions that are not Category I or Category II. The agencies intend to update how risk-weighted assets and regulatory capital are calculated for those firms.

Investment clients may face ID verification

Under the proposed CIP rule for RIAs and ERAs, advisers would be required to implement procedures to identify and verify the identity of their customers so they can form a reasonable belief about the customer's true identity. If you are a client of an investment adviser, you would likely need to provide identity documents or verification information.

New thresholds for insider lending

The OCC and FDIC are considering a proposed rule to set new quantitative thresholds for extensions of credit to insiders and transactions with affiliates for OCC- and FDIC-supervised institutions to reduce burden and focus supervisory attention on material risk. This would change how certain insider and affiliate transactions are treated by supervisors.

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Key Dates

Published Date
8/14/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
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