Political Quotes

“I would like to thank Representatives Maloney and Cleaver for their work on these reforms. I would like to just add that H.R. 2513 is an important, commonsense measure that stops criminals from being able to hide behind anonymous shell companies. It closes loopholes in the Bank Secrecy Act, increases penalties for those who break the law, and helps provide financial institutions with new tools to more easily and accurately fulfill their obligations under the law. Mr. Chair, I yield back the balance of my time. The Acting CHAIR. All time for general debate has expired. Pursuant to the rule, the bill shall be considered for amendment under the 5-minute rule. The amendment in the nature of a substitute recommended by the Committee on Financial Services, printed in the bill, modified by the amendment printed in part A of House Report 116-247, shall be considered as adopted. The bill, as amended, shall be considered as the original bill for the purpose of further amendment and shall be considered as read. The text of the bill, as amended, is as follows: H.R. 2513 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, DIVISION A--CORPORATE TRANSPARENCY ACT OF 2019 SECTION 1. SHORT TITLE. (a) In General.--This Act may be cited as the ``Corporate Transparency Act of 2019''.…”