Sheldon Whitehouse
Role at the time: U.S. senator from Rhode Island
Statement summary
Whitehouse criticizes the rollback after a GAO report examines fraud risks in federal awards. He argues that the reporting exemption weakens the information available to identify hidden owners and urges full implementation of the law.
“This new report shows that the Treasury Department’s shortsighted decision to gut the CTA leaves hundreds of billions of federal dollars at real risk to fraudsters.”