On the recordApril 20, 2024
Madam Chair, the Treasury opposes this amendment because they believe the reporting time is so short, and the requirements are so onerous. They believe it is so onerous that they will have to pull people away from doing the important work on finding illicit actors that should be sanctioned and make them work on this report. There are also concerns about business confidentiality here. I am guessing, if there were more time, we could make changes in this bill. We could work together to make it more workable and strike a deal here. But given that this is an up-or-down vote on the floor for an amendment now, I must oppose. Madam Chair, I yield back the balance of my time.
