Political Quotes

“Madam Speaker, I say to the gentleman that I would. I think that is a very fair question to ask. Let me just assure you that it is also my intent, as the sponsor of this bill, that the term ``nominal'' in this context should not be interpreted to be more than the $10 as you referenced, and I certainly understand why that concern came up. As you know, this bill is intended to enhance our efforts to stop terrorist financing. The kind of investigation that this bill is trying to allow for doesn't need more than a few dollars--or nominal, not to exceed $10--to be effective. We have seen this before, so I am very comfortable assuring you that we would define it as $10 or less. I thank the gentleman for clarifying this. I, too, want to put on the record that it would be defined as the $10 mark, and I certainly thank the gentleman for his support on this legislation. Mr. McHENRY. Madam Speaker, I thank the bill's sponsor for this and for her addressing an important matter, which is money laundering internationally and at home is a severe problem. It is a severe problem with regulated financial institutions, and we have longstanding laws and rules and folks that are engaged in Justice and at Treasury that are highly adept at this. We have new technologies that emerge each day and new approaches to launder value or money. The movement of digital money is complex.…”