On the recordFebruary 10, 2025
Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, the Corporate Transparency Act has been called the most important improvement to the U.S. anti-money laundering framework in a generation. To both effectively enact the law and to assist companies whose reporting is essential to fight against oligarchs and criminal cartels, we need the extension provided by this bill. As my good friend from Arkansas said, we, too, see and hear small businesses and businessowners. In fact, California has the largest number of small businesses in the United States. We don't want them to get swept up in the Corporate Transparency Act, but at the same time, we also need the ability to identify, investigate, and prosecute the bad actors. Mr. Speaker, I urge all of my colleagues to stand up and speak out against what we are seeing today, unfortunately, which is President Trump's vengeful and self-interested destruction of our American national security, and to demand that we get information on how Elon Musk and his young marauders are using Americans' personal information. We want to know: What are they doing with all of this information that they are gathering about all of these Americans? What is he doing with it? We have no idea, and no one is asking questions on the other side. Again, it is important that my colleagues listen to their constituents right now, on both sides of the aisle.…





