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Warren Davidson: “They're working to modernize [the Bank Secrecy Act].”

Featuring: Warren Davidson, Republican | U.S. House Ohio, 8th Congressional District

'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data

Published May 27, 2026 | Video Starts at 01:44

And the Bank Secrecy act could be a useful tool to impose a rules based order. But it's not perfect. They're working to modernize [the Bank Secrecy Act]. it. They're trying to complement it with central bank digital currency and digital id, which this House. You support. You support digital id, right? I supported digital identity. (01:44–01:47)

CLAIM

Asserts that efforts are underway to modernize the Bank Secrecy Act.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Warren Davidson

“Mr. Anthony cites 287 cases that were created out of it.”
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“Just the total compliance cost and only 5.4% of this in the past decades even used at all.”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 03:11-03:19
“Mr. Anthony characterizes the Bank Secrecy act, geographic targeting orders, the third party doctrine really as an unconstitutional…”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 00:07-00:18
“The Bank Secrecy act could be a useful tool to impose a rules based order. But it's not perfect.”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 01:38-01:45
“You support digital id, right?”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 01:54-01:56
“We do need to modernize our framework.”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 02:24-02:27
“In my home state of Ohio, we're looking at shell companies that are apparently doing lots of Medicaid business, but hundreds of companies…”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 03:24-03:37
“The vast majority of crime is traditional account based money laundering.”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 04:25-04:32
“Whether it's $10,000 in 1970, that's 82,000, $83,000 today.”
'Is That What The Constitution Says?': Warren Davidson Presses Witness On Privacy Of Banking Data | Uploaded May 27, 2026 | 04:45-04:53