The Bank Secrecy Act and the SEC's Mission Crawl

Rep. Tom Rose of Tennessee says the Bank Secrecy Act severely limits Americans financial privacy and imposes massive compliance costs on American business. Since President Biden's inauguration day, his administration has finalized 570 new regulations that cost the economy an amazing 359.9 billion dollars. We've also witnessed a great deal of mission creep at the regulatory agencies, particularly with regard to climate and social issues," he said.