Political Quotes

“When mom and dad send their kids to college, they expect them to get a good education and a return on investment, not to be indoctrinated by our enemies. The DETERRENT Act does a very valuable service by requiring proper reporting and ensuring that four countries, Iran, Russia, North Korea, and China, who actively seek to undermine our sovereignty, are designated as ``foreign countries of concern.'' Think about that list. This designation means that, for these countries, the foreign gift reporting threshold is zero. {time} 1515 Again, Mr. Chairman, I urge that if we know we have an adversary, we should have access to all of their influence peddling in our country that is targeting our youth so we have the full scale and scope of what they are doing. There is no country better than China at money laundering. If we ensure that their reporting threshold is zero for the People's Republic of China, that only solves one part of the equation. What happens when the leaders of the PRC attempt to continue their malign influence through Hong Kong or Macau? It could really marginalize the admirable intent of this legislation and could only temporarily, potentially, derail the PRC when we know they are going to try to get around it. We know they are going to launder money through other means. We have to clear this up, shore this up, and further clarify. Mr. Chair, I reserve the balance of my time.”