Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, we have had a good, robust debate on the importance of the right tools for the Treasury, for our States, and for our law enforcement to root out illicit finance. Today, the Corporate Transparency Act, I think, has been exposed for what it is, which is a tremendous overreach in that effort that has added complexity, financial burden, and confusion for our small businesses. There is a better way to go about this, and I hope we can work together on both sides of the aisle and with the Treasury Department in the coming months to find that better solution, that least-costly solution, that solution that protects people's privacy, that protects personally identifiable information contained in these filings, and that does it in a way that is less intrusive and less costly. The concern I have about these big databases, Mr. Speaker, is intrusion from China, Iran, Russia, and North Korea, our adversaries that every day are trying to break into the systems of the Federal Government and our private sector of this country to gather this personally identifiable information. We have talked about it on this House floor, Mr. Speaker: IRS, hacked; Office of Personnel Management, hacked; the CFPB, the Consumer Financial Protection Bureau databases, hacked; others, hacked; private sector, hacked. This is just another giant database that puts people's data at risk.…”