Political Quotes

“I think if the Members back in their offices were listening to this debate, they would be sufficiently confused. I think the reason they would be confused is because something said by both the opponents and the proponents of this amendment is true. I think there is a great deal of frustration over the use of these cards, and I think that is the reason that the gentleman from Texas and others are supporting this amendment. Unfortunately, the amendment does not accomplish what they want to accomplish, and that is to make our Nation more secure. I do not question the sincerity of the gentleman and the frustration of he and the supporters of this amendment, but I simply ask us all to take a deep breath and to actually look at what this amendment does. Now, the underlying section is section 326, and it has been called the cornerstone of our money laundering efforts. We have letters from the Department of Justice and from the Treasury Department saying it is absolutely essential for an effective anti-money laundering program. Section 326, it is there. Now, because of frustration with these cards, the gentleman from Texas has offered an amendment which stops the Treasury Department and FinCEN from issuing regulations or carrying out regulations or enforcing the provisions of 326.”