I can assure you, despite your inference to the contrary, there is not a single Member on either side of this aisle in this committee, ever, who wants to harm American families.

What do you think would happen to an honest, hardworking family in Venezuela, for example, who fears the oppression and instability there and they have money in our banks?

I think they are naive.

I also want to thank Congressman Posey for his leadership in our State.

Many nonresident alien depositors are from countries with unstable governments or political environments, where personal security is a major concern.

This policy will not further any U.S. interests. And, in fact, the IRS has admitted that this information is not needed to enforce U.S. tax law.

My colleague here in the community, Mr. Meeks, and I have introduced bipartisan legislation, bicameral legislation, H.R. 2568 which would prevent the Secretary of the Treasury from forcing financial institutions to report interest on…

Make no mistake about it. The proposed regulation will drive hundreds of billions of dollars out of America and cause irreparable harm to an already fragile U.S. economy.

I must take exception to your comment that those who oppose the proposed rules have a vested interest in facilitating tax cheating.

Our legislature, on a bipartisan basis, passed a resolution in opposition to this NRA proposal.

Common sense says you should know the facts before you leave.