> Foreign companies and pooled investment vehicles (such as mutual funds or hedge funds) must still report information about foreign owners. But they will no longer have to identify Americans who help them register to do business in the United States, according to a Treasury Department advisory.

> And Treasury will delete any information it has already collected about U.S. business owners, the advisory said.

I mean this is literally an invitation to use "bagmen" with a US passport to hold interest / investments in the US. The part about deleting already collected data is also pretty crazy.