later than 10 days prior to prescribing regulations under paragraph (1), the President shall notify the appropriate congressional committees and leadership (as defined in section 7203 of the Fentanyl Sanctions Act ( 21 U.S.C. 2302 )) with respect to the proposed regulations. 3. Determinations with respect to primary money laundering concern relating to illicit fentanyl and narcotics financing If the Secretary of the Treasury determines that 1 or more financial institutions operating outside of the United States, 1 or more classes of transactions within, or involving, a jurisdiction outside of the United States, or 1 or more types of accounts within, or involving, a jurisdiction outside of the United States, is of primary money laundering concern in connection with the financing of illicit fentanyl and other narcotics, the Secretary of the Treasury may, by order, regulation, or otherwise as permitted by law, require domestic financial institutions and domestic financial agencies to take one or more of the special measures described in section 5318A(b) of title 31, United States Code. 4. Report on improved enforcement with respect to money laundering relating to illicit fentanyl and narcotic drugs financing (a) In general Not later than one year after the date of the enactment of this Act, the Secretary of the Treasury shall submit to appropriate congressional committees a report that identifies any additional regulations, statutory changes, enhanced due diligence requirements, or reporting requirements the Secretary determines are necessary to better identify, prevent, and combat money laundering connected with the financing of illicit fentanyl and other narcotic drugs, including related to— (1) identifying the beneficial ownership of anonymous entities