Mr. LEACH. Madam Chairman, I
yield 1 minute to the gentleman from
Texas (Mr. PAUL), one of the most
thoughtful philosophers of the United
States Congress.
(Mr. PAUL asked and was given permission
to revise and extend his remarks.)
1999 Ron Paul 71:1 Mr. PAUL.
Madam Chairman, I will
take my one minute to address the subject
of privacy, because I do have an
amendment that I think would improve
the protection of privacy.
1999 Ron Paul 71:2 We have had a lot of talk and indication
on this side of the aisle about protecting
privacy. But I believe the understanding
of what our role is in protecting
privacy, if it applied across the
board, would mean that politicians and
political action committees could
never rent a list from the Sierra club
or the American Civil Liberties Union.
1999 Ron Paul 71:3 But I am addressing the subject of
Know Your Customer. At the same
time we hear these declarations for
protection of privacy, we hear from the
same people that we cannot get rid of
Know Your Customer.
1999 Ron Paul 71:4 Now, if one wants to really find
something where one invades the privacy
of the individual citizen, it is this
notion that the Federal Government
would dictate a profiling of every bank
customer in this country; and then, if
that customer varied its financial activities
at any time, it could be reported
to the various agencies of the
Federal Government. Now, that is privacy.
That is what we have to stop. I
ask for support for my amendment.
