Waters Secures Inclusion of Provisions on Beneficial Ownership, Preventing Money Laundering and Combatting International Corruption in FY 2021 NDAA
Chairwoman Continues to Advocate for Inclusion of Measures to Promote Corporate Board Diversity, Enhance the Defense Production Act
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she has been appointed a conferee.
“I am very pleased to serve as a conferee for H.R. 6395, the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021. As Chairwoman of the Financial Services Committee, I would like to express my appreciation to the Chairs of the Armed Services Committees, and the other conferees, for working with me to include several measures that are within the Financial Services Committee's jurisdiction in the bill. In particular, I appreciate that the Committees agreed to include legislation introduced by Representative Carolyn Maloney to finally end anonymous shell companies, legislation by Representative Emanuel Cleaver to prevent money laundering and other financial crimes around the globe, and language similar to a bill by Representative Ben McAdams to enhance the Securities and Exchange Commission’s tools to recover the ill-gotten gains of bad actors.
“I thank the Members for their work on these important measures and thank the conferees for their consideration.”