; (2) the frequency with which such data contains actionable information which leads to further law enforcement procedures, including the use of a subpoena, warrant, or other legal process; and (3) information on the extent to which arrests, indictments, convictions, or plea bargains of actors result from the use of such data. (b) Use of report information The Secretary of the Treasury shall utilize the information reported under subsection (a)— (1) to help assess the usefulness of Bank Secrecy Act reporting to law enforcement; (2) to enhance feedback and communications with financial institutions and other entities subject to Bank Secrecy Act requirements; and (3) for such other purposes as the Secretary determines appropriate. 9. 18-Month Enforcement Safe Harbor of CDD Rule No person shall be liable for any violation of the final rule of the Department of the Treasury titled Customer Due Diligence Requirements for Financial Institutions ( CDD rule ) published May 11, 2016 (81 Fed. Reg. 29397), during the 18-month period beginning on May 11, 2018, so long as such person has made a good faith effort to comply with such requirements. 10. Studies and reports (a) Beneficial ownership Not later than 2 years after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and submit to the Congress a report— (1) evaluating the effectiveness of the collection of beneficial ownership information under the CDD rule (as defined under section 9), including— (A) whether law enforcement agencies have had timely access to the information; (B) the utility of such information in law enforcement investigations or prosecutions; (C) an analysis of the reporting burden placed on financial institutions versus the utility of such information being made available to law enforcement; and (D) whether further legislation is required to reduce regulatory burdens or increase the utility and timely access of such information to law enforcement