I think, is a significant step, and I hope it is taken note of, that the Bank of America, at least with a significant number or certain categories of clients, is going to obtain the beneficial ownership of those accounts.
Applauds Bank of America's initiative to identify beneficial ownership for certain clients.
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May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
I thank Representative Pressley for being such a great champion for workers in Massachusetts and in our whole country. Madam Speaker, I now yield to the gentlewoman from Illinois (Ms. Schakowsky).
I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman is recognized for 5 minutes.
I would just point out that the grants in Title II do not have mandatory partners. They require partners to the extent practicable in a given situation. Mr. Speaker, I yield 1 minute to the gentleman from Indiana (Mr. Mrvan), a member of…
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