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Ted Cruz: “Joe Biden's misnamed bill that, that he called Build Back…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Senator Ted Cruz Discusses Crypto Legislation and Policy Challenges

Published | Video Starts at 11:30

Look, these are the same people that want to ban cash. These are the same people. If you remember Joe Biden's misnamed bill that, that he called Build Back Better, I called Build Back broke it, include within it a provision requiring banks to report to the federal government every single transaction you engaged that was $400 or more. That means every rent payment, every mortgage payment you sent, every car payment in most instances. Heck, a lot of the times that's a grocery bill for a family is 400 bucks if it's a family with some kids. (11:30–11:47)

CLAIM

Asserts that the Build Back Better bill included a provision for banks to report transactions over $400.

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