Romney, Colleagues Introduce Crypto Anti-Money Laundering Bill to Stop Illicit Transfers

In an effort to prevent money laundering and stop crypto-facilitated crime and sanctions violations, Senators Romney (R-UT), Reed (D-RI), Rounds (R-SD), and Warner (D-VA) introduced the Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act. This bipartisan legislation requires decentralized finance (DeFi) services to meet the same anti-money laundering (AML) and economic sanctions compliance obligations as other financial companies, including centralized crypto trading platforms, casinos, and even pawn shops.

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Utah Congressional Delegation Voices Support for DCA Act

The Utah Congressional delegation has announced its full support of the Direct Capital Access (DCA) Act, legislation to add 28 additional in-and beyond-perimeter flights at Ronald Reagan Washington National Airport (DCA) in the 2023 Federal Aviation Administration (FAA) Reauthorization bill. Senator Romney today joined on as co-sponsor of the Senate’s version of the DCA Act, which was originally introduced by Rep. Owens (R-UT) in the House.

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Romney Tours Utah Businesses, Participates in Jordan River Roundtable

Senator Romney toured Utah businesses and met with local leaders to discuss Utah’s water challenges. Romney started the day at OxEon Energy in North Salt Lake, where he toured the firm’s facility and met with employees. He then visit Bonnell Aluminum in Clearfield for a meeting with their executive board about the company’s efforts to shore up our supply chains, followed by a discussion with its workers. Romney ended the day at the Jordan Valley Water Conservancy District for a roundtable discussion with local leaders about the Jordan River Watershed and the Great Salt Lake.

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Romney Applauds Largest Economic Investment in Utah History

Senator Romney applauded an announcement by Texas Instruments Incorporated (TI) that it has selected Lehi, Utah, for its next 300-millimeter semiconductor wafer fabrication plant (or fab). This landmark $11 billion investment marks the largest economic investment in Utah history, and was made possible by the passage of the Romney-backed CHIPS and Science Act.

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