Madam Speaker, I move to suspend the rules and pass the bill (H.R. 1404) to strengthen the United States response to Russian interference by providing transparency on the corruption of Russian President Vladimir Putin, as amended. Madam…
Madam Speaker, I move to suspend the rules and pass the bill (H.R. 1404) to strengthen the United States response to Russian interference by providing transparency on the corruption of Russian President Vladimir Putin, as amended.
Madam Speaker, I ask unanimous consent that Members have 5 legislative days in which to revise and extend their remarks and to include extraneous material on the bill under consideration.
Madam Speaker, I yield myself such time as I may consume.
Madam Speaker, every American has the right to a secure democracy where their voice matters. As Members of Congress, our national security must be a top priority. We must investigate and expose Russia's financial networks and cut off any illegal funding that supports criminal attacks against the United States of America. This bipartisan legislation is a crucial first step to ensure that the rights of the American people matter more than dark and corrupt Russian money.
It has been said that money talks, but it is our job to keep it from speaking over the American people. Last week the House of Representatives passed H.R. 1, historic reforms to get big money out of politics. But we haven't done nearly enough to prevent foreign powers and foreign money from attacking our democracy.
Russia, the country that once had the ability to provide a decent life for its people, has chosen to strip their wealth as they watch their wealth disappear overseas into hidden accounts. These corrupt oligarchs are a cautionary tale on how working people can be cheated if left unchecked. These corrupt bands of individuals, led by Vladimir Putin, have mounted a massive asymmetric attack against the United States.
America has the greatest military in the world, but the Russians have figured out that if they have any chance at victory, they must fight us another way: undermine our elections, spread fear and unrest, and sow discord through racism and other divisive tactics.
What they don't understand, Madam Speaker, is that we take pride in our democracy. We may have policy differences, and we might have policy disagreements, sometimes quite strongly, but we all know that our democratic form of government, a government of the people, by the people, and for the people is our greatest strength and weapon against any foe. We do believe in this country that every voice matters.
Foreign nationals are banned from contributing to U.S. elections, but multiple Kremlin-connected Americans have funneled millions of dollars into political action, wielding massive influence in our democracy, and Vladimir Putin is the king of this corrupt money.
Putin's protests are generally delivered with a smirk and accusations of fake news, but his discomfort with revealing his assets is clearly simmering below the surface. It is telling that after Ms. Stefanik and I introduced this legislation, we were both attacked by Russian state media.
What is Putin afraid of?
Perhaps the former KGB operative is well-aware of the poor long-term prospects for gangsters and autocrats who are unmasked before their impoverished countrymen, or he fears uncovering his shadowy networks that prop up dictators and human rights abusers around the world in his quest to subvert world order. Likely, he and his cronies are desperate to obscure their billions in an attempt to shield themselves from sanctions.
But, Madam Speaker, no matter the root of his fear, our obligation is to shine a light on his illicit networks. It is time that we hold him accountable. This legislation will expose the corrupt finances being used to fund attacks against our democracy.
Madam Speaker, in closing, I call upon the words of our 35th President: ``Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe in order to assure the survival and the success of liberty.''
Madam Speaker, I urge the passage of this legislation, and I reserve the balance of my time.
House of Representatives,
Committee on Financial Services,
Washington, DC, March 8, 2019.
Hon. Adam Schiff,
Chairman, House Permanent Select Committee on Intelligence,
Washington, DC.
Dear Mr. Chairman: I am writing concerning H.R. 1404, the
``Vladimir Putin Transparency Act.'' As a result of your
having consulted with the Committee on Financial Services
concerning provisions in the bill that fall within our Rule X
jurisdiction, I agree to forgo action on the bill so that it
may proceed expeditiously to the House floor. The Committee
on Financial Services takes this action with our mutual
understanding that, by foregoing consideration of H.R. 1404
at this time, we do not waive any jurisdiction over the
subject matter contained in this or similar legislation, and
that our Committee will be appropriately consulted and
involved as this or similar legislation moves forward. Our
Committee also reserves the right to seek appointment of an
appropriate number of conferees to any House-Senate
conference involving this or similar legislation and request
your support for any such request.
Finally, I would appreciate your response to this letter
confirming this understanding with respect to H.R. 1404 and
would ask that a copy of our exchange of letters on this
matter be included in the Congressional Record.
Sincerely,
Maxine Waters,
Chairwoman.
Madam Speaker, in closing, H.R. 1404 will shine a light on Vladimir Putin's financial networks that have stripped the Russian Federation of its resources and left the Russian people in poverty. It will also empower Congress, the intelligence community, and our allies to crack down on cross-border corruption.
I want to thank my colleague on the Permanent Select Committee on Intelligence, Representative Stefanik, for joining me in this important legislation.
Additionally, I want to thank the hardworking staff on both sides of the aisle on the Permanent Select Committee on Intelligence and the Foreign Affairs Committee for their input on this critical legislation.
Madam Speaker, I yield back the balance of my time.