Patrick McHenry actually said...

The American taxpayers are sick and tired of being shareholders. Let's get them out of that.

Without a banking relationship, MSBs are unable to provide financial services to communities, making it difficult for millions of Americans.

I put forward a bill which establishes a mechanism that would allow MSBs to self-certify their compliance with the Bank Secrecy Act.

If this issue is left unaddressed, the viability of MSBs will be compromised, potentially pushing many of their transactions underground.