Edited because I was wrong about the titling. The entire Corporate Transparency Act was included as Title LXIV, but I'm seeing the same thing that it sounds like you all are, that that title, among many others, doesn't appear to be included. You can find it on page 2950 here though: https://www.rubio.senate.gov/public...26A2C0FC61C55BAA294F.crpt-116hrpt617.pdf
And ACB is right, FinCEN required us to collect beneficial ownership. This law, if passed, does not say that we are not required to collect beneficial ownership, only that once the Treasury has established a way for businesses to submit BO to them, businesses must do that. FinCEN surely won't relieve the banks of the responsibility to collect BO before they begin collecting it themselves, and even afterward it isn't guaranteed.
Who's to say they won't continue to mandate banks collecting it at account opening and further require us to compare our info to theirs to detect inconsistencies that might be suspicious? A stupid idea, but I'd bet anything they are/have considered it.