Mr. SESSIONS. Mr. Speaker, I yield 1
minute to the gentleman from Texas
(Mr. PAUL).
(Mr. PAUL asked and was given permission
to revise and extend his remarks.)
1999 Ron Paul 70:1 Mr. PAUL.
Mr. Speaker, I rise in
strong support of this rule. I am known
to be very concerned about the privacy
of all Americans and am tenacious in
protecting the privacy of everyone.
1999 Ron Paul 70:2 I believe I am a well-known civil libertarian.
But I do believe this bill adequately
protects privacy, except in one
area. It has not eliminated the potential
Know Your Customer regulations.
My amendment permits this. It is the
regulations such as Know Your Customer
that is the motivation for banks
to collect so much information.
1999 Ron Paul 70:3 So I rise in support of the rule, but
also mention that the Paul-CampbellĀBarr amendment will allow us to bring
to the floor an amendment that will
eliminate once and for all the availability
of Know Your Customer regulations
by the various regulators.
1999 Ron Paul 70:4 I am in strong support of this rule,
believing very sincerely this bill does
protect privacy. But we can make it
better by passing my amendment.
