Political Quotes

On the recordMay 26, 2011
I thank the Chair. The Attorney General further points out: It is also important to note that SARs themselves are confidential under law (i.e., not available to the public) and cannot be used as evidence. They contain information that, if used by law enforcement personnel, must be further investigated and proven before adverse action is taken. The reports are only made available to law enforcement, intelligence, and appropriate supervisory agencies under applicable authorities and are subject to the protections of Federal law. Madam President, I ask unanimous consent to have printed in the Record a copy of the letter from the Attorney General. There being no objection, the material was ordered to be printed in the Record, as follows: Office of the Attorney General, Washington, DC, May 26, 2011. Hon. Harry Reid, Hon. Mitch McConnell, U.S. Senate, Washington, DC. Dear Leaders Reid and McConnell: I understand that Senator Paul may offer an amendment today to S. 990 which would modify Section 5318(g)(1) of Title 31, United States Code, to allow for the issuance of Suspicious Activity Reports (``SARs'') by financial institutions ``only upon request of an appropriate law enforcement agency. . . .'' I write to express the Department's serious concerns about such an amendment. SARs are a critical tool for our national security and law enforcement professionals.…
Said by
Mike Levin
Democratic · California
Source
govinfo.gov
May 26, 2011

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