Mr. Speaker, I rise today in strong support of H.R. 3364. In particular, I am proud of the bipartisan language in the bill which would create a national strategy for combating terrorism and illicit finance. The financing of terrorism and related forms of illicit finance present a direct threat to our national security and financial system. It is critical for the government to create and maintain a unified strategy to fight financial crime, both to accommodate new and developing threats and to help Congress develop legislative and funding priorities now and in the future. Additionally, a national strategy should seek to enhance intergovernmental cooperation, to identify illicit financing trends, and to encourage Federal agencies to work with the private financial sector to do the same. Mr. Speaker, this bill does these things and will go a long way in making sure we are keeping pace with the ever-changing terror finance landscape. I would like to thank Chairman Hensarling for his extraordinary conservative leadership on the Financial Services Committee and for helping to include this language in the overall bill. Additionally, I want to thank the chairman of the Terrorism and Illicit Finance Subcommittee, Mr. Pearce, and for his support, and for my colleague, Ms. Sinema, for her work on this as well.
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