; or (B) certain financial services in the United States, including opening and keeping open an account; (2) evaluating consequences of financial institutions de-risking entire categories of relationships with the persons identified in paragraph (1); and (3) identifying options for financial institutions handling transactions or accounts for high-risk categories of clients, and options for minimizing the negative effects of anti-money-laundering and counter-terrorism-financing requirements on the persons described in paragraph (1) without compromising the effectiveness of Federal anti-money-laundering and counter-terrorism requirements. IV Beneficial ownership disclosure requirements 401. Beneficial ownership (a) In general Chapter 53 of title 31, United States Code, as amended by section 207 of this Act, is amended by adding at the end the following: 5334. Transparent incorporation practices (a) Definitions In this section: (1) Acceptable identification document A natural person has an acceptable identification document if that person has a nonexpired passport issued by the United States, a nonexpired identification document issued by a State, local government, or Federally recognized Indian Tribe to an individual acting for the purpose of identification of that individual, or a nonexpired driver’s license issued by a State, or, if the natural person does not have any such document, a nonexpired passport issued by a foreign government. (2) Beneficial owner The term beneficial owner — (A) means, with respect to an entity, a natural person who directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise— (i) exercises substantial control over such entity; or (ii) owns 25 percent or more of the equity interests of such entity or receives substantial economic benefits from the assets of such entity; and (B) does not include— (i) a minor child, as defined in the State in which the entity is formed