Thank you. It's a great hearing topic. Under the last Congress, I was on the Weaponization Committee, and we dealt with Operation Choke Point. Frankly, we looked at how Banks were weaponizing the Bank Secrecy Act under pressure from regulators, the Department of Justice, and the FBI. FBI. So thanks for coming time. Look, the idea that we're referring to this as choke point 2.0 is pretty embarrassing because it means there was choke point 1.0, and that was under Obama, then under Biden. (00:23–00:28)
CLAIM
Asserts that banks were pressured by regulators and federal agencies to weaponize the Bank Secrecy Act.
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