These drastic budget cuts will only slow implementation of the CTA, weaken FinCEN's ability to pursue bad actors, and ultimately, jeopardize our national security.

I cannot fathom the logic of slashing funds from an office that is in the midst of implementing a major policy overhaul pertaining to U.S. national security.

resources are important, and they are needed in order to do the job

That is why, under Democrat leadership, this committee passed landmark legislation to protect our national security and to prevent the abuse of our financial system by bad actors, both foreign and domestic.

That is an astonishingly-low amount that is provided by House Republicans in the recently-marked-up Financial Services and Central Government Appropriations bill.

I find it incredibly ironic that Republicans want to limit the ability of the capitalists, shareholders, who are the owners of the companies that power our economy, from proposing initiatives to be voted on at corporate meetings.

Today, Republicans are giving the term, 'investor protection,' new meaning by pushing legislation that would protect investors from their own ideas.

I would like to take a point of personal privilege to acknowledge Franklin Thornton, who served our committee as clerk for the past 2 years.

As you know, the SEC's proposed climate risk disclosure rule applies to only publicly-listed companies.

The Republican effort to dismantle ESG is integral to their agenda to gut diversity and inclusion across-the-board.

Since then, and despite promises made by the Chair, Republicans have done absolutely nothing to examine racial or gender inequality in financial services.