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Sheldon Whitehouse: “Treasury Secretary Besant suspended enforcement of the…”

Featuring: Sheldon Whitehouse, Democratic | U.S. Senate Rhode Island

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John Cornyn Leads Senate International Narcotics Control Caucus Hearing On Mexican Drug Cartels

Published | Video Starts at 12:39

I worked with Senator Grassley in the first Trump administration to pass the bipartisan Corporate Transparency act to identify who's behind anonymous corporations used in criminal schemes. But Treasury Secretary Besant suspended enforcement of the [Corporate Transparency Act] for all entities formed in the United States. In other words, 99% of the entities covered by the law. Willfully blinding law enforcement investigating our country's most dangerous threats. Treasury must reverse course and fully implement the CTA as Congress envisioned. (12:39–12:46)

CLAIM

Asserts that Treasury Secretary Besant suspended enforcement of the Corporate Transparency Act for U.S.-formed entities.

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