Congress passed this law on a broadly bipartisan basis with the clear objective of punishing Russia for its brazen attack on our democracy.

Even the findings section of the law explicitly references the intelligence community's finding that Russian President Vladimir Putin ordered an influence campaign in 2016 aimed at the United States Presidential election.

Do you believe our intelligence agencies, as they have said to us, that Russia did hack into our DNC and undermined our democracy?

These are worthy objectives and are reflected in a number of important provisions in the bill.

We should, for example, be careful not to lift SAR and CTR reporting thresholds if doing so undermines law enforcement's ability to stop bad actors.

Maxine Waters, the incoming Chair of the Financial Services Committee has called for an investigation into Trump's relationships with one of its largest lenders, Deutsche Bank.

Unfortunately, the CEOs of each of these three major credit bureaus have refused to attend this hearing.

It is unfortunate that the three CEOs for the major credit reporting agencies rejected the opportunity to discuss their business model and what actions Congress should consider in the wake of the Equifax data breach to better oversee the…

Absolutely not. They need more control and protection.

I think that many companies know what they ought to be doing on data security and they are not doing it. And I think that we need stronger enforcement authority accompanied by civil penalties.

Thank you very much. I have a number of them, Mr. Chairman.