I think that this is a very important amendment. We talked about reining in tax cheats, and that's what we're talking about here. Given the relationship between offshore tax avoidance--and we've seen chapter and verse of how people avoid taxes--I want everybody in this room to understand when they avoid taxes, that means those who pay taxes have to pay more to make up the difference. We're talking here about a billion dollars to help tackle the Nation's deficit and debt if we follow up on the specifics of this legislation. We have tax avoidance, and I don't think anybody supports tax avoidance unless you like being taxed more yourself. Tax evasion, the actual attempts to avoid paying specific taxes--in other words, you know what the law is--evasion is a very conscious act, whether it's done by an individual or a business. Money laundering, we have heard that phrase, which is referred to many practices and activities, that's serious business. As my brother from Staten Island remembers, the FBI looks into a lot of money laundering. You worked for the FBI and did a stellar job. Money laundering is critical. When money is laundered, the average American gets hurt and the specific connection is very, very ominous. This is a natural fit, Mr. Speaker, to combat financial crime. The SPEAKER pro tempore. The time of the gentleman has expired.
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It is my honor to---- The SPEAKER pro tempore. The gentleman from Florida controls the time.





