; 81 Fed. Reg. 29397) to— (1) bring the rule into conformance with this Act and the amendments made by this Act; (2) account for financial institutions’ access to comprehensive beneficial ownership information filed by corporations and limited liability companies, under threat of civil and criminal penalties, under this Act, and the amendments made by this Act; and (3) reduce any burdens on financial institutions that are, in light of the enactment of this Act and the amendments made by this Act, unnecessary or duplicative. 402. Geographic targeting order The Secretary shall issue a geographic targeting order, similar to the order issued by the FinCEN on November 15, 2018, that— (1) applies to commercial real estate to the same extent, with the exception of not having the same thresholds, as the order issued by FinCEN on November 15, 2018, applies to residential real estate; and (2) establishes a specific threshold for commercial real estate. 403. Beneficial ownership studies (a) Other legal entities study 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 Congress a report— (1) identifying each State that has procedures that enable persons to form or register under the laws of the State partnerships, trusts, or other legal entities, and the nature of those procedures; (2) identifying each State that requires persons seeking to form or register partnerships, trusts, or other legal entities under the laws of the State to provide beneficial owners (as that term is defined in section 5334(a) of title 31, United States Code, as added by section 401 of this Act) or beneficiaries of such entities, and the nature of the required information; (3) evaluating whether the lack of available beneficial ownership information for partnerships, trusts, or other legal entities— (A) raises concerns about the involvement of such entities in terrorism, money laundering, tax evasion, securities fraud, or other misconduct