Political Quotes

John Sarbanes: “I think both of those propositions, the proposal in the committee and the bill, went too far, and I think the Senator is…”

On the recordMarch 5, 1999
I think both of those propositions, the proposal in the committee and the bill, went too far, and I think the Senator is prepared to concede they went too far because they would have wiped out existing regulations--not just proposed regulations--existing regulations addressed to significant cash transactions that we think are tied to the money laundering issue.
Said by
John Sarbanes
Democratic · Maryland

Editor's note · Context

Discussing concerns about a banking bill and its impact on existing regulations.

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