I really want to thank you for scheduling this hearing and for each of our witnesses for coming in and for testifying.

I led a congressional delegation of four other Senators to Afghanistan and Pakistan last month.

Thanks. Mr. Shepherd, in your testimony, I think you discussed the fact that the bill before us is prospective in nature and it only covers new corporations that form after the bill's enactment.

Delaware continues to be a leader in entity corporations because our State has the expertise to ensure corporate success.

If you had to prioritize the way that your State, North Carolina, homeland security grants would be spent, any idea where this bill's requirements might rank?

I think we have a chance here to advance the ball and to help law enforcement while also not overburdening our States and our State systems.

Delaware was the first State, I believe, in the Nation to adopt legislation responding to the concerns expressed by law enforcement.

I am one who does not give up very easily on almost anything that I think is important. And I am not inclined to give up here either.

The Treasury Department, as head of the U.S. delegation to the Financial Action Task Force, plays a key role in developing guidelines that govern anti-money laundering efforts within the United States.

Recent press articles and reports have unfairly singled out the United States, and notably my State, for its corporate laws.

We believe the language is actually pretty straightforward.