Jack Reed actually said...

"I have called for the Department to finalize the rule, including a letter I sent in March of 2022."

"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."

"I think there are profound national security implications."

"I am concerned from a national security standpoint. You know the old saying, we are shooting ourselves in the foot. In fact, both feet."