Doris Matsui: “This is the final amendment to the bill which would not kill the bill or send it back to committee. If adopted, the bill…”

“This is the final amendment to the bill which would not kill the bill or send it back to committee. If adopted, the bill would immediately proceed to final passage, as amended. Mr. Speaker, I rise today in support of the motion to recommit to H.R. 3189, which will ensure that seniors will be protected from losing their hard-earned benefits to deceitful financial companies found to engage in harmful activity. Financial companies that put earnings ahead of the needs of our seniors should not be allowed to participate in any emergency lending program or facility established by the Federal Reserve. While Republicans try to put their special interest friends first, the Democratic motion to recommit would ensure that financial companies found to engage in activity that harms seniors' financial health and stability are prevented from participating in any emergency lending program or facility established by the Federal Reserve. Our motion to recommit would stop rewarding unsavory financial institutions that abuse the trust and harm the financial health of America's seniors. America's seniors, who have spent their lives working to provide for their families, deserve to retire with dignity and live without fear of being stripped of financial security due to the actions of predatory financial institutions. Yet, House Republicans are willing to grant these shady financial companies access to emergency resources established by the Federal Reserve.…”