Congress should support efforts to hold financial institutions and corporate governance practices to a higher standard. This would benefit the economy and national security by encouraging financial institutions and corporations to ensure that bad actors can’t gain access to our financial institutions in order to fund terrorism and other crimes.
This resolution doesn’t have any teeth. It doesn’t change anything related to regulation, transparency, or anti-money laundering — so there’s not much point to it. Rather than wasting time on this, Congress should focus on legislation that actually tightens regulations and enforces transparency.