Political Quotes

“We have a bill, which if it is interpreted as written, blocks the American economy the way it operates today and has for decades and would create lots of American jobs building those armored cars because the Fed would have to deal with nonelectronic transactions. If it is interpreted as intended, it is designed to create a world in which the American Government cannot conduct a criminal investigation that follows the money, and if someone is convicted, their bank accounts cannot be frozen because we have a new payment system without bank accounts that are not subject to being frozen. Vote against this bill because of what is in it. Vote against this bill because of what they wanted to put in it and hoped to put in it but didn't. Mr. McHENRY. Madam Chair, in responding to the gentleman's arguments, I don't know where to begin. The civil liberties protections in the United States are evident. We have a court of law. We have a provision for law enforcement to go after bad actors. This bill has nothing to do with this. It is a direct question of whether or not the Federal Reserve should be able to track your money without having to go to the courts, just evident in the technology. I yield 2 minutes to the gentleman from Ohio (Mr. Davidson), the vice chair of the Digital Assets Subcommittee and the chair of the Housing and Insurance Subcommittee on the Financial Services Committee.…”