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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

The briefing I received from Director Blanco and his team was, quite frankly, insulting.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

The Director of FinCEN has yet to provide any data to justify the position to have a massive new collection of the ownership data of small businesses across America.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

The U.S., as the reserve currency, is very, very important.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

U.S. financial institutions are critical in enforcing our sanctions.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

I think it is important that we have a robust regional bank and community bank system.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

Some have described the banking environment as size equals survival.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

Treasury plays a critical role by administering sanctions and protecting the U.S. financial system.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

Moreover, should we be concerned--this is actually a pretty interesting question that I think is worthy of discussion here at Financial Services--that China has joined the Bloomberg Barclays Global-Aggregate Index?

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

I am particularly concerned about the overexposure of German banks and what this means for U.S. financial institutions.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

In fact, I wrote you in January right after the vote in the U.K. Parliament regarding Brexit.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

Secretary Mnuchin, you must explain these decisions in your public testimony today and address several other important issues. I expect you to be forthcoming with this committee.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

It's very troubling that it appears that this dynamic may be affecting sanctions policy with the Trump Administration's Treasury Department, enabling Russian bad actors like Deripaska to evade sanctions.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

Deripaska is a criminal, and Vladimir Putin's confidant, who should not be let off the hook from sanctions that were put in place to punish bad actors.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

So my message to Treasury and to the World Bank is that unless these transfers stop, or at a minimum are competitively based and fully transparent down to the amounts and purpose of aid going to which firms and projects, the…

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

Mobile banking can help address some of the challenges that consumers face in the decline of those physical branches.

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Pat McHenry
@patmchenry· Republican · NC· Apr 8, 2019

We have 13 million-plus people who are unbanked or are underbanked in the country, and a lot of those are probably in areas much like mine.

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