Key facts
- Senator Lummis believes regulatory ambiguity benefits criminals.
- The Clarity Act is intended to close exploitable loopholes.
- The act aims to address gaps that bad actors exploit.
Senator Lummis has stated that regulatory ambiguity in existing frameworks not only disadvantages legitimate businesses, such as builders, but also provides opportunities for criminals. She asserts that the proposed Clarity Act is designed to rectify this situation by closing the loopholes that bad actors currently exploit. The senator's remarks highlight the dual impact of unclear regulations, suggesting that the act will serve to both support industry and deter illicit activities.