Bill also works to lower the compliance burden on Financial Institutions, most of which are Community Banks, by establishing several tools to allow for more targeted sharing of b. S. A. , is bsaamlrelated information. Studies kes modest and waste ways to reduce the cost associated with researching and writing suspicious activity reports. The bill also creates a new privacy and Civil Liberties officer, as well as an innovation officer in each of the federal financial regulators. And importantly, the bill imposes new penalties on Financial Institutions and personnel that violate the law and creates a Whistleblower Program to encourage and protect those who identify such bad acts. R. 2513, as amended, has the strong support of Financial Institutions. It is also supported by n. G. O. s like the aflcio, global witness, oxfam america, friends of the earth, jubilee u. S. A. Network, and the Small Business majority, all of which are members of the transparency focus fact coalition. Its widely
Will take it up later this afternoon. They gavel back in at noon eastern. Live coverage here on cspan. And until then well take you live to the Senate Judiciary committee. Theyre considering several of President Trumps judicial nominees. [captions Copyright National cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] on my dads side, my grandparents were north louisiana charles and june green. They were remarkable people. They passed away in the last few years. Theyre very much missed. They showed me a great love and kindness when i was growing up in baton rouge. And id like to especially recognize my grandfather vince. Heres a man whose parents immigrated to louisiana in 1905. I saw the manifest of the ship from italy. Nd my grandfather was called v. J. By his family. He was a roofer in louisiana. I think i worked hard in my life but i have not worked nearly as hard as my
Can i alert my colleagues that are here to introduce individuals normally we would turn to you and let you do that. But this meeting is has some more controversy than most hearings have so this is the way were going to handle it. Im going to make an Opening Statement, a little longer than usual. Senator feinstein will make a statement thats longer than usual. Then because of the two states that are involved, and for different reasons, but coming to the same conclusion, normally we dont have members speak, but i felt i ought to give the courtesy to both senator kennedy and senator said he wanted to speak about the controversy and his nominee. Then im going to turn to senator franken and senator franken will have up to five minutes s that okay . Youre going to introduce people, but i would like to get the controversial statements out of the way first. That makes sense. Okay. Congratulations to all the nominees and to your families and everybodys welcome at the committee. Two weeks ago, i
I appreciate members participation during yesterdays igs session. I was glad to hear everys initial thoughts. However, a number of issues were raised yesterday that in my view warrant some additional responses. First at characterization of the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of this committee. The problem with that claim is that its just not true. The joint committee on taxation a nonpartisan congressional scorekeeper has concluded not only does the bill maintain the current level of progressivity in the tax code but the largest tax cuts in terms of percentage of income will go to middle income earners. I understand that the districtsal analysis is inconvenient for the democrats who are committed to the narrative that republicans intend to give the socalled rich a huge tax cut. But jcts analysis shouldnt be ignored altogether. Secondly, there was the repeated claim supposedly placed on jct analysis that the bill
This has President Trump faces a political storm in d. C. , a culture war raging across the country as the president starts barnstorming the country next week for jobs and tax cuts. Welcome to risk and reward im elizabeth mcdonald. Now to the culture war underway across the u. S. Here is some of the headlines in the culture war. New york city mayor bill deblasi o wants to take down a statue of Christopher Columbus even though few in new york are complaining of that statue is even a problem and supporters of Football Player Colin Kaepernick demonstrating at nfl offices calling for a boycott because no Football Team has hired Colin Kaepernick yet and a black student leader says the usc mascot is a symbol of White Supremacy and again no one complaining about that either. In fact you dont hear nancy pelosi or Chuck Schumer or the Congressional Black Caucus saying any are the problems. The culture war is the problem and that dont put food on the table. Everybody knows the kkk and natzis are