; and (4) any other factor the Secretary, Director of National Intelligence, and the Attorney General considers relevant. (c) Public comment The Secretary shall solicit public comment as part of the review contemplated in subsection (a). (d) Report and rulemakings Not later than the end of the 1-year period beginning on the date of enactment of this Act, the Secretary, in consultation with the Attorney General, the intelligence community, the Secretary of Defense, and the Secretary of Homeland Security, shall publish a report of the findings from the review described in subsection (a) and recommend rulemakings to implement the findings. 205. Review of regulations and guidance (a) In general The Secretary and the Federal functional regulators, in consultation with Federal financial regulators, the Federal Financial Institutions Examination Council, the Attorney General, Federal law enforcement agencies, the Director of National Intelligence, the Secretary of Defense, the Secretary of Homeland Security, and the Commissioner of the Internal Revenue Service, shall each undertake a formal review of the regulations implementing the Bank Secrecy Act, and guidance related to that Act, to identify those regulations and guidance that may be outdated, redundant, unnecessarily burdensome, or otherwise do not promote a risk-based anti-money-laundering compliance and countering-the-financing-of-terrorism regime for financial institutions, or that do not conform with the commitments of the United States to meet international standards to combat money laundering, financing of terrorism, or tax evasion, and make appropriate changes to those regulations and guidance. (b) Public comment The Secretary shall solicit public comment as part of the review required under subsection (a). (c) Report Not later than the end of the 1-year period beginning on the date of the enactment of this Act, the Secretary, the Federal functional regulators, the Federal Financial Institutions Examination Council, and the Internal Revenue Service shall