I just have a sense from my experience in Rhode Island is that there is kind of this built-in resistance.
But I thank the witnesses, and again I thank the Chairwoman.
So it suggests State action as well as Federal action.
I am concerned from a national security standpoint. You know the old saying, we are shooting ourselves in the foot. In fact, both feet.
I think there are profound national security implications.
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 requiremen...