Political Quotes

“I thank my friend, Mr. Rothfus, for bringing this bill up today. Mr. Speaker, I rise in favor of legislation I introduced with my colleague from New Mexico, Steve Pearce. H.R. 6411, the FinCEN Improvement Act, is a straightforward bill which will modernize the Financial Crimes Enforcement Network, otherwise known as FinCEN. The mission of FinCEN is to safeguard the financial system from crimes or illicit use, combat money laundering, and promote national security through the collection, analysis, and dissemination of financial information and intelligence. In order to accomplish its mission, FinCEN needs to partner with all available law enforcement agencies to gather and share data needed to safeguard the financial system from the abuses of financial crime, including terrorist financing. This legislation builds upon the existing relationships with partners in foreign, Federal, State, and local law enforcement officials by ensuring FinCEN has the authority to work with Tribal law enforcement across the country. Additionally, FinCEN's current authorizing statute is limited to combating international terrorism, which leaves out domestic terrorist activities, which is just as important to protecting our neighborhoods and communities. This legislation fixes that oversight. Lastly, this legislation ensures FinCEN is focusing on emerging methods of financing illicit activity, including cryptocurrencies.…”