On October 26, 2001, the President signed into law the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 2001, Pub. L. No. 107-56 ("USA Patriot Act"). Section 356(c) of the USA Patriot Act calls for a report to Congress ("Report") within one year from the date of enactment containing recommendations for effective regulations to apply the record keeping and reporting requirements of the Bank Secrecy Act, Titles I and II of Pub.L. 91-508, (the "BSA") to investment companies and personal holding companies.