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1 (2022)

handle is hein.cbhear/fdsysbesa0001 and id is 1 raw text is: AUTHENTICATED U.S. GOVERNMENT INFORMATION GPO FINANCIAL SERVICES AND GENERAL GOV- ERNMENT APPROPRIATIONS FOR FISCAL YEAR 2023 TUESDAY, JUNE 14, 2022 U.S. SENATE, SUBCOMMITTEE OF THE COMMITTEE ON APPROPRIATIONS, Washington, DC. The subcommittee met at 2:37 p.m., in room SD-138, Dirksen Senate Office Building, Hon. Chris Van Hollen (Chairman) pre- siding. Present: Senators Van Hollen, Coons, Manchin, Hyde-Smith, and Boozman. U.S. DEPARTMENT OF TREASURY OPENING STATEMENT OF SENATOR CHRIS VAN HOLLEN Senator VAN HOLLEN. All right. Good afternoon. The hearing will come to order. And I want to start by saying I am pleased to be joined by my Ranking Member, Senator Hyde-Smith, also just joined by Senator Manchin, and Senator Coons, I think will be re- turning soon. I want to welcome our witness, Deputy Secretary of the Treasury, Wally Adeyemo. And Mr. Deputy Secretary, thank you so much for being here today and for your work at the Department of Treasury. This sub- committee oversees the annual budget for the Department of Treasury, including funding for the IRS. Just a few months ago, our subcommittee provided the IRS with its largest funding increase in 20 years in order to cut down on the tax return processing backlog, which continues to need to be ad- dressed and to improve service for working families. It was a big step forward. We know that we need to continue that effort this year. For to- day's hearing, we are going to zero in on the budgets of two specific agencies within the Department of Treasury to help keep money out of the hands of terrorists, criminals, and other bad actors, and help to keep Americans safe. The first is the Office of Terrorism and Financial Intelligence, also known as TFI. The second is the Financial Crimes Enforce- ment Network, also known as FinCEN. At the outset, I would like to cover the special importance of these two agencies to America's safety and security, and to the safety and security around the world. (1)

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