Steve Lynch: “I would like to thank Chairman Crenshaw and Ranking Member Serrano for including my amendment into the en bloc amendment…”

“I would like to thank Chairman Crenshaw and Ranking Member Serrano for including my amendment into the en bloc amendment to H.R. 5485, the FY2017 Financial Services Appropriations Act. I offered this amendment to increase the funding provided to the Treasury Department's Office of Financial Crimes Enforcement Network (FinCEN) by $3,300,000. By sharing financial intelligence with law enforcement, private industry, and its foreign counterparts, FinCEN supports financial crime investigations throughout the world. Terrorists' proven ability to move money through innovative means necessitates continued progress in this critical counterterrorism area. The $3,300,000 is needed to enhance FinCEN's supervisory strategy of Money Services Businesses and to meet the growing demand for FinCEN's expanded national security response efforts. The amendment would offset this necessary increase through corresponding decreases in the funding provided for the ``Rental of Space'' account within the General Services Administration. Through my work as Ranking Member of the Financial Services Committee's Task Force to Investigate Terrorism Financing and the Co- Chair of the bipartisan Task Force on Anti-Terrorism & Proliferation Financing, I witnessed the vital work that FinCEN engages in to safeguard our financial system from evolving money laundering and national security threats.…”