Press Release: Congressman Denver Riggleman gives Facebook Live update on this week in Congress

March 14, 2019
Press Release

Today Congressman Denver Riggleman went to Facebook Live to communicate with his constituents about H.R. 1414, the FinCEN Improvement Act.  Mr. Riggleman cosponsored this bipartisan legislation with Congresswoman Jennifer Wexton (D-VA).  The bill enhances law enforcement and national security measures designed to protect our financial system.  H.R. 1414 passed the House with unanimous consent on Monday night.

The Congressman also provided an update on the Financial Services Committee hearings he attended this week.  "We discussed ways to update the current framework of our bank security and Anti Money Laundering laws," said Congressman Riggleman.  "The important work we do on this subcommittee is essential to safeguard our financial system."

Congressman Riggleman prides himself on running an open and transparent office and will continue to provide Facebook Live updates throughout his term. 

You can watch the full live video here.

Transcript:

Good morning, 5th district!
This week was a major milestone for me and my office: The House voted on and passed my First bill, the FinCEN Improvement Act of 2019.  This bipartisan bill, which I co-sponsored with Congresswoman Jennifer Wexton, is a critical component of law enforcement, as FinCEN is charged with promoting national security by safeguarding our financial system.  

It is FinCen’s mission to “cut the head off the snake” and combat illicit financing of terrorism, drug smuggling, human trafficking, and other criminal activities. This bill clearly incorporates crypto currencies and other emerging technologies into the FinCEN framework.  We must ensure that our law enforcement agencies evolve to combat changing threats.  

I also want to address a hearing we held yesterday on the National Security subcommittee.  We discussed ways to update the current framework of our bank security and Anti Money Laundering laws. The important work we do on this subcommittee is essential to safeguard our financial system.

I will continue to keep you updated as we make progress in this work.  Thank you