Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Evaluating the Financial Crimes Enforcement Network.”

“Thank you, Chairman Davidson and Ranking Member Beatty. While I am pleased to welcome back Director Gacki, I am disappointed we are not more closely reviewing the Trump Administration’s and Congressional Republicans’ actions that weaken America’s capacity to stop money laundering and fraud. Today, American consumers are less protected from fraud and corruption, thanks to Trump’s closure of agencies like the Consumer Financial Protection Bureau. Today, America is less secure, thanks to Trump’s firing of government examiners, investigators, prosecutors, and inspectors general. And drug and human traffickers will thrive due to the GOP’s gutting of crime-fighting tools like the Corporate Transparency Act and the investment advisers rule. If we really want to stop fraud, we shouldn’t eliminate the very government workers who are charged with doing so.

I yield back.”

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