Tom Emmer: “I want to thank my friend and colleague from California, chairman of the Committee on Foreign Affairs, Congressman Ed…”

“I want to thank my friend and colleague from California, chairman of the Committee on Foreign Affairs, Congressman Ed Royce, for offering his amendment to the FSOC Reform Act. As we have seen time and time again, our government needs to improve security procedures in order to protect the privacy of the American people and integrity for business. The burden, Mr. Speaker, is on the Federal Government to provide a plan and to be transparent about what it does with the information it collects. This amendment accomplishes both of these goals at the Office of Financial Research. By mandating OFR to submit an annual work plan and allow for public notice and comment, the American people will have a greater voice in shaping the objectives of OFR. Perhaps most importantly, requiring Federal regulators to collaborate on data security will make the personal and financial information of all Americans more secure. Again, I want to thank Chairman Royce for offering this amendment. I urge all my colleagues to support it.”