Sen. Pat Toomey blocks landmark reform legislation to fight global money laundering

[FakeNoose]

(link) https://www.post-gazette.com/news/politics-nation/2022/12/12/pat-toomey-legislation-money-laundering/stories/202212120083

Outgoing senator said bill needs greater oversight

With just weeks left in his final term, U.S. Sen. Pat Toomey played a key role in blocking sweeping anti-money laundering legislation that was created to choke off the billions of dirty dollars pouring into the United States from shady operators, including drug traffickers, oligarchs and corrupt foreign leaders.

The outgoing Pennsylvania Republican pushed last week to halt the reforms from being included in the nation’s annual defense spending bill in a blow to advocates who had gained bipartisan support to wage the most comprehensive crackdown on money laundering in a generation.

Citing the flow of suspicious money into the country, lawmakers say the ENABLERS Act targets the people who have long helped drug kingpins and others move their money into the US – and hide it — including some lawyers, accountants, and financial advisors.

Mr. Toomey declined an interview request through his staff, but a top Republican aide on the Banking Committee said the veteran lawmaker objected to the legislation being tucked into the National Defense Authorization Act — a must-pass bill — without any hearings.

- more at link -

Bye-bye Pat! Don't let the door hit you on the way out.

[CentralMass]

1. He must be getting a fat payday out of it.

[Walleye]

2. I guess he's planning his next career as a money launderer

I don’t trust any of these guys. For all their talk of religion, it’s obvious their religion is dollars

[Irish_Dem]

3. The obvious corruption of many members of congress is disgusting.

[TheRealNorth]

4. Why would he want to stop the tax dodging....

And the criminals moving their money.