Steve Lynch: “I thank the chairman and ranking member. Mr. Chairman, this amendment would increase the funding provided to the…”

“I thank the chairman and ranking member. Mr. Chairman, this amendment would increase the funding provided to the Treasury Department's Office of the Financial Crimes Enforcement Network, also known as FinCEN, by $3.339 million so that it remains at its current level of $112 million. This amendment would offset this necessary increase through corresponding decreases in the funding provided for the repairs and alterations and the rental of space accounts within the General Services Administration. If adopted, the amendment would have no effect on budget authority and would reduce outlays by $1 million. As cochair of the bipartisan Task Force on Antiterrorism and Proliferation Financing, I have worked closely with our cochair, Ed Royce, the gentleman from California, and with FinCEN, the Financial Crimes Enforcement Network, to help strengthen our national antiterrorist finance strategy, and I realize the increased need to be able to quickly and efficiently track and stop the flow of funds to terrorist groups in doing this important work. Through the task force, we have witnessed the critical and important work that the Financial Crimes Enforcement Network engages in. The skilled staff at FinCEN works tirelessly every day to track and stop the flow of elicit funds that would otherwise be used to aid terrorism in order to safeguard our financial system from evolving money laundering and mounting national security threats.…”