Political Quotes

“To close. I always enjoy debating with my friend from Georgia on these rules matters, and, quite frankly, he has heaped a lot of praise on this particular piece of legislation, which it deserves. It has gone through the crucible of a lot of meetings and compromise and work with a lot of different groups. So I want to thank my colleagues for joining me here today to speak on the rule and the Corporate Transparency Act of 2019. Law enforcement needs to have the tools necessary to shed light on the true beneficial owners of shell companies in order to do their jobs and root out illicit financial activity. They need to be able to find out if Russians, Iranians, North Koreans, ISIS, al-Qaida, or criminal cartels may be engaging in questionable activity, and this legislation will help law enforcement do exactly that. It will also make the first major reforms to the Bank Secrecy Act and our anti-money laundering laws since 2001. These issues enjoy broad support from the law enforcement community, like the Fraternal Order of Police and the National District Attorneys Association, as well as human rights groups, anti-human trafficking organizations, banks and credit unions of all sizes, and many more. These are bipartisan issues we have been working on in the Financial Services Committee, and I urge all my colleagues to vote for the bill. I encourage a ``yes'' vote on the rule and the previous question.…”