Automatic information exchange commitment: reciprocal reporting and harmonised due diligence to enhance tax transparency across jurisdictions. The Agreement commits both governments to advance automatic information exchange and tax transparency, with the United States to seek regulations and legislation ensuring reciprocal exchange. Parties will cooperate with Partner Jurisdictions and the OECD to develop a common model, harmonised reporting and due diligence standards, and require reporting financial institutions to obtain and report the counterpart jurisdiction's taxpayer identification numbers for specified account holders.