On the recordFebruary 2, 2017
and chairman of the Banking Committee, I appreciate the time and the recognition. As the chairman knows, I am a member of the Foreign Relations Committee and a former chairman of the African Subcommittee, and I have traveled to both of those continents for many years. I have seen resource-rich and poverty-poor countries where they have a natural resource investment and wealth, but they never reinvest in their people. I think transparency is important in seeing to it that the resources they receive for selling those natural resources are made available to their people so that the resources go to the benefit of the people and not the government. Are you also aware that I am not a big supporter of the Dodd-Frank disclosure bill, but I also have concerns that simply vacating the rule implementing the Lugar-Cardin amendment without providing for a replacement would create a setback for U.S. leadership in anti- corruption efforts around the world? Because of what we have done in transparency and anti-corruption, countries like the United Kingdom, the EU, Norway, and Canada have followed our lead, and I do not want to lose that. Therefore, I wish to ask the chairman of the Banking Committee a couple of questions to ease my fears about this question. First, I would like to direct a couple of questions to the chairman. It is my understanding that this joint resolution does not--underscore not--repeal section 1504 of Dodd-Frank law; is that correct?
