Thank you for that.
I think the committee would be interested in the example that you used with respect to a Swiss bank that has assets that.... If an asset holder wanted to invest in an American company, there would have to be full disclosure under American law. You continue that analogy, and you said that it might leave the door open to that same person saying that then they'll invest through a Panamanian tax shelter.
Now, the United States has signed a free trade agreement with Panama. Surely they would be aware that this could circumvent American law.
Is that why the Congress has taken the initiative under FATCA, to try to close that door?