Stop the "Know Your Customers" programs
In 1999, the Libertarian Party opposed the FDIC’s “Know Your Customer” regulation. The “Know Your Customer” regulation was an FDIC proposal that would require nonmember banks to maintain the “Know Your Customer” programs. The programs would determine the identity of the customers, determine the sources of the customers’ funds, determine the normal and expected transactions of its customers, monitor account for transactions that were not normal, and report any transactions that are suspicious. The regulation would reduce the likelihood that nonmember banks could unwittingly participate in illegal activities. However, the Libertarian Party, as well as other citizens, thought the programs were a violation of their privacy rights. The Libertarian party effectively stopped the program from being mandatory at banks that were not members of the FDIC.
Iraq Exit Strategy
The Libertarian Party was the one to propose a well thought out exit strategy. The Party proposed that troops be removed from Iraq a few thousand a month. All American troops would be removed in approximately a year after the removal began. The length of time would allow the Iraqi government to form and train their own troops. The proposal said that most of the troops would be sent home, but some of them would be stationed at other Middle Eastern military bases to keep the peace. A year after the Libertarian Party proposed it the Democratic Party united behind it.