There is a great opportunity for us to help relocate from the Swat Valley and other places where people have been displaced.

I think really a key to this is the legislation that we have discussed, the commitment of not just $1.5 billion per year, but over a 5-year period of assistance.

We are essentially competing with Islamist groups for the loyalty of these people, and we are losing.

There is no better demonstration of this than the recently passed Kerry-Lugar bill.

We cannot allow extremists to destabilize this nuclear armed state that has the world's second largest Muslim population.

Vice President Joe Biden arriving in Baghdad today for an unannounced visit.

there would be no coal plants here in America

I think some increase in the Federal gasoline tax would be an important component of that investment.

I believe that we must increase our Nation's investment in transportation.

I want to applaud the Administration's proposal for an 18-month extension of SAFETEA-LU.

I am very proud to be a co-sponsor with him of that legislation.

The Treasury Department, as head of the U.S. delegation to the Financial Action Task Force, plays a key role in developing guidelines that govern anti-money laundering efforts within the United States.

Thanks. Mr. Shepherd, in your testimony, I think you discussed the fact that the bill before us is prospective in nature and it only covers new corporations that form after the bill's enactment.

I want us to work hard to get this right.

Thank you. Mr. Chairman, my time has expired. Will there be another round?

I appreciate the time that you and others on your committee have spent on trying to find a workable compromise on this issue.

I think there is probably one thing--I had not planned on asking this question, but it would seem to me the beneficial owner of an account at a bank might be fairly easy to identify.

I just want to know, is this really the best possible way to address money laundering?