Political Quotes

On the recordMay 31, 2023
Private markets are notoriously opaque. Unlike other financial institutions, private equity funds and hedge funds are exempt from requirements to maintain anti-money laundering programs.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Senator Reed highlights the lack of transparency in private equity and hedge funds regarding anti-money laundering.

Share

More from Jack Reed

Jun 4, 2026

Our bipartisan bill builds upon the highly successful National Marrow Donor Program that has been a lifeline for thousands of transplant patients over the last two decades. Bone marrow and cord blood transplants continue to offer effective…

scott.senate.gov
Oct 17, 2025

At a moment when U.S. forces are building up across the Caribbean and tensions with Venezuela are at a boiling point, the departure of our top military commander in the region sends an alarming signal of instability within the chain of…

cbsnews.com
Jun 18, 2025

The Pentagon has been paralyzed by infighting and stripped of expert staff at a time when we need stability and professionalism.

cbsnews.com
May 29, 2026

Ultimately, this is all about helping patients and families in their time of need as they face unimaginable circumstances. It provides direct support to these critical institutions that do incredible research, match donors and patients…

scott.senate.gov

Other voices in this conversation