Congresswoman Joyce Beatty erupted in a heated exchange with Treasury Secretary Scott Bessent over delays in the Harriet Tubman $20 bill, his alleged crypto ties to DOGE, and the impact of Trump-era tariffs. With high-level U.S.-China trade talks resuming in Switzerland, Beatty’s outburst spotlights growing frustration within Congress. As Bessent touts upcoming trade deals, Beatty accuses the administration of ignoring economic realities and symbolic justice. Watch the dramatic hearing and the fiery debate that could reshape the tariff narrative.
#JoyceBeatty #ScottBessent #TrumpTariffs #Tubman20 #CryptoPolitics #DOGE #TradeTalks #TariffWar #USChina #TradePolicy #TrumpEra #CongressClash #BessentVsBeatty #BreakingNews #TariffDebate #USTR #HarrietTubmanBill #BidenVsTrump #TradeCrisis #ChinaTalks #USPolitics #FinancialHearing #TariffTrouble #CryptoControversy #BeattyRage #GenevaTalks #EconomicDebate #TubmanDelay #TrumpLegacy #FiscalShowdown
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#JoyceBeatty #ScottBessent #TrumpTariffs #Tubman20 #CryptoPolitics #DOGE #TradeTalks #TariffWar #USChina #TradePolicy #TrumpEra #CongressClash #BessentVsBeatty #BreakingNews #TariffDebate #USTR #HarrietTubmanBill #BidenVsTrump #TradeCrisis #ChinaTalks #USPolitics #FinancialHearing #TariffTrouble #CryptoControversy #BeattyRage #GenevaTalks #EconomicDebate #TubmanDelay #TrumpLegacy #FiscalShowdown
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NewsTranscript
00:00The Trump administration has alleged
00:03that detecting and deterring transnational criminal
00:06organizations, such as Iranian terrorist groups
00:11and their proxies, is a priority for national security.
00:15But on March 2nd of 2025, your department
00:19announced that it would not enforce any penalties or fines
00:24associated with the BOI reporting rule,
00:27nor will it enforce the CTA against US citizens,
00:33domestic reporting companies, or their beneficial owners.
00:37So I'm a little confused of how you square those two things.
00:43So my question is, can you explain to or would you
00:46explain to the American public how you undermine
00:51the bipartisan CTA and expect law enforcement
00:55and national security agencies to quickly and effectively
01:00know the true owners behind shell companies registered
01:04in the United States now that foreigners,
01:07including a drug cartel, gang members,
01:10could register a company in the United States
01:13with no state or any federal ownership reporting
01:17requirements?
01:18And I remind you, in your testimony,
01:22you talked about illicit actors.
01:25Well, these are some of our illicit actors.
01:30The Congresswoman, an overwhelming majority
01:33of the domestic entities that you're describing
01:38are hardworking Americans with small businesses.
01:41We bifurcated the bill and any foreign entities must still file.
01:49So you saying to me it's not true that they must file
01:53and do the foreign entities must file the BOI?
01:58Yes, we bifurcated the CTA program that domestics do not have to.
02:09So so maybe I'm asking it the wrong way.
02:13So it appears that they are doing it registering
02:18to avoid the transparency of who the companies are.
02:25I'm not sure what your question is.
02:27I'd be happy to answer it.
02:29So I guess I'm looking at it as and if you're saying it is not true
02:35and that they now are complying and completing the BOI.
02:39So let's take it one step at a time.
02:41So you're saying everybody is completing the BOI.
02:45You're enforcing it.
02:46No, ma'am, I am saying that we have bifurcated it,
02:50that US nationals do not have to file,
02:54and that foreign nationals do.
02:57OK, so I guess when we look at this,
03:02if we're limiting enforcements of the rule just
03:05to the foreign entities, that creates a giant loophole
03:10whereby any foreign entity can register in the United States
03:14and evade or not do the BOI reporting requirements.
03:19Well, they would be subject to all.
03:22They would have to come through a US financial institution,
03:25so they would be subject to all US institutions.
03:28Including the BOI.
03:29The AML.
03:30Including the BOI.
03:32Including the BOI, yes or no?
03:36Because the answer is no.
03:39I mean, you can say it however you want to, but the answer is no.
03:42And this makes it easier, and this
03:44is what I want the American folks to know.
03:46It makes it easier for human and drug traffickers,
03:50cartels, terrorists, organizations, and other criminals
03:54to do business in the United States.
03:56And when you're limiting the enforcement just
03:59to foreign entities, it exempts 99% of the entities
04:04that Congress intended the law to cover when it was passed into law.
04:10So, I think I do have my answer.
04:13We're just not agreeing on it, and we know why.
04:15So, let me go to my second, let me, it's my time.
04:18Let me go to my second question.
04:19The clock is running.
04:20It's my time.
04:22It is my time.
04:23You will not do this on my time.
04:26Now, I'm going to ask for a few more seconds
04:28since he refused to comply with my time, not his time.
04:40Then it keeps doing it from me.
04:49There's nothing.
04:50It's my time.
04:55Later.
04:56Later.