Political Quotes

“I thank the chairwoman for yielding me the time. Mr. Speaker, I rise in support of H.R. 1414, the FinCEN Improvement Act, bipartisan legislation I introduced with my Financial Services Committee colleague and fellow Virginian, Congressman Denver Riggleman. This is a practical bill that will help modernize the duties of the Financial Crimes Enforcement Network, otherwise known as FinCEN. The mission of FinCEN is to safeguard the financial system from crimes or illicit use, such as terrorist financing; combat money laundering; and promote national security through the collection, analysis, and dissemination of financial information and intelligence. H.R. 1414 would do three things to further their important mission. First is in the area of investigation into terror financing. FinCEN is currently authorized to combat international terrorism but fails to mention domestic terror activities. While international terror threats remain present and relevant, the threat landscape has expanded considerably and also includes domestic terror groups that commit crimes to further their agendas. H.R. 1414 will amend the FinCEN authorizing legislation to clarify its role in investigating and combating terror threats, be they foreign or domestic. FinCEN is already doing important work to combat domestic terrorism, but the bill will clarify its role and correct this oversight in the statute.…”