Rebecca Brocato

Helping great orgs do good @ Stony Run Advisory. Biden WH alum fascinated by what happens when thorny policy problems slam into politics. Happiest in Baltimore.

[Rebecca Brocato @HRBrocato]

This will make it so much harder for the law to do its job, which is to stop drug traffickers and terrorists from setting up shell companies that no one can track and that make and launder money for the worst kinds of criminals.

[Rebecca Brocato @HRBrocato]

Steve Mnuchin to Congress in 2018 - "We need to be able to figure out an efficient and prudent way that we have access to beneficial ownership."

[Richard Nephew @RichardMNephew]

Worth noting that CTA was passed during Trump's first term and it prevents criminals from exploiting the US economy by hiding their identity through corporate shell games. The reporting requirement is simple; I did it when I left gov't and set up an LLC. It took about 10 min.

[Rebecca Brocato @HRBrocato]

What the Administration is doing is just so watering down the law.

[Rebecca Brocato @HRBrocato]

DFC is a DFI and a national security tool. There is space for the corporation to do good development finance work and strategically significant deals in sectors like critical minerals. But it needs more systematized ways to rack and stack priorities and access to improved tools.

[Rebecca Brocato @HRBrocato]

Today’s NYT profiles the nominee to head up the agency I used to help run, the US International Development Finance Corporation (DFC).

[Matthew Goldstein @MattGoldstein26]

Billionaire Leon Black’s son gets a job with Trump. Here is his thoughts on foreign aid vs development https://t.co/ugGMqbU0oQ via @NYTimes

[Rebecca Brocato @HRBrocato]

Second, we need to continue work to improve the USG investment tools DFC relies on to do its work. That means regulatory and legislative improvements to how we make equity investments and write loans, loan guarantees, and political risk insurance.

[Rebecca Brocato @HRBrocato]

Encryption debates are hard. This decision is a blunt instrument. We shouldn't let this move settle such a contentious issue. Especially for the United States. Especially in this specific moment for the United States.

[Rebecca Brocato @HRBrocato]

Through this action, the British government is intending to make a highly sensitive decision for us all, globally, on encryption.

[BBC News (World) @BBCWorld]

UK demands access to Apple users' encrypted data https://t.co/6lVFR1gOKb

[Rebecca Brocato @HRBrocato]

Once you create a backdoor, bad guys will figure out how to take advantage of it. Experts have made that clear. In so many ways, this issue is fundamentally binary.

[Rebecca Brocato @HRBrocato]

And then, finally, the Trump team is going to have to figure out where the money for such an endeavor will come from. That's a conversation with Congress that should be bipartisan and has to ground this tool in the clear eyed reality of its promise and its limits.

[Rebecca Brocato @HRBrocato]

I tweet very little, but I think about the idea of a US sovereign wealth or investment fund a lot in the context of US national security policy. It isn't a bad idea. The USG needs the ability to deploy patient capital beyond the limits of current tools like the DFC.

[Bloomberg TV @BloombergTV]

President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the US, following through on an idea he floated during the presidential campaign https://t.co/AeNothBsYB

[Rebecca Brocato @HRBrocato]

The USG also needs to get comfortable with using insurance tools and taking financial risk in particularly impactful moments.