{"database": "press", "table": "releases", "rows": [["https://pearce.house.gov/press-release/pearce-leads-hearing-safeguarding-us-financial-system", "PEARCE LEADS HEARING ON SAFEGUARDING U.S. FINANCIAL SYSTEM", "2017-11-08", "2017", "2017-11", "Republican", "House", "NM", "Steve Pearce", "P000588", "pearce.house.gov", null, null, "legacy", "Washington, D.C. (November 8, 2017) Congressman Steve Pearce today led the Subcommittee on Terrorism and Illicit Finance entitled, \u201cFinancial Intelligence and Enforcement: Treasury\u2019s Role in Safeguarding the American Financial System.\u201d The U.S. Department of the Treasury\u2019s Office of Terrorism and Financial Intelligence (TFI) plays a vital role in combatting terrorist financing, money laundering, financial crimes, and other threats to our national security.\n\u201cTFI, and the bureaus and agencies that comprise it, play a vital role in exposing the movement of illicit finance within our nation\u2019s financial system. The threat of terrorism is ever-evolving and TFI must be able to adapt to the fluid environment of illicit finance. As Congress examines the issues surrounding the detection and disruption of bad actors in our financial system, Treasury\u2019s collection and analysis of financial intelligence is pivotal to successfully interrupting terrorist plots and criminal schemes. Moving forward, modernizing the current system to reflect the capabilities of today\u2019s institutions and ensure law enforcement receives a complete and detailed picture of criminal activity is paramount.\nTFI and Congress need to continually evaluate and improve our nation\u2019s ability to detect and intercept the financial resources of terrorists and to prevent criminals from exploiting our financial system for personal gain. I thank the Treasury\u2019s Office of TFI Under Secretary Sigal Mandelker for attending today\u2019s hearing and working with Congress to improve efforts to combat terrorist financing,\u201d stated Rep. Pearce.\nBackground  \n\tIn 2004, the U.S. Department of the Treasury\u2019s Office of Terrorism and Financial Intelligence (TFI) was established to marshal the Treasury\u2019s policy, enforcement, regulatory, and intelligence functions to safeguard the financial system from illicit use that goes against national security interests.\nTFI is comprised of the Office of Terrorist Financing and Financial Crime (TFFC), the Office of Intelligence and Analysis (OIA), the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), and the Treasury Executive Office for Asset Forfeiture (TEOAF).\nOn June 21, 2017, the U.S. Senate confirmed Sigal Mandelker as Under Secretary for the Treasury\u2019s Office of Terrorism and Financial Intelligence.\nClick here to watch the full Subcommittee hearing.\n###", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://pearce.house.gov/press-release/pearce-leads-hearing-safeguarding-us-financial-system"], "units": {}, "query_ms": 18.028884194791317, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}