Blaine Luetkemeyer: “Thank you, Mr. Chairman. And thank you all of the witnesses.”

The continuation of that is going to be very, very important.

In response to the outbreak of the Korean War in 1950, my fellow Missourian, President Harry Truman, signed a law intended to ensure that our nation would have sufficient industrial resources to meet our national security needs.

I am an interesting guy to have on the committee here this morning because I was a sponsor, the Republican sponsor, of the Corporate Transparency Act.

As much as I hate that bill and hate that rule, my intention on that was to make sure we minimize the effect of this bill or this rule because it originally was a horrendous thing.