Political Quotes

On the recordJuly 16, 1997
Mr. Chairman, I must rise today in opposition to the amendment offered by my distinguished colleague, the gentleman from Alabama, on which I am the ranking member. While I support the efforts of the gentleman to ensure that the Community Development Institution Fund is efficiently and effectively administered, I vigorously oppose the proposed freeze of the Community Development Financial Institution Fund at the fiscal year 1997 levels. I am a little bit surprised at the tone and spirit of this attack. Let us be clear. This is an attack on small business. The small businesses of this country that benefit from this fund are the ones that we all talk about we want to help. These are small institutions such as credit unions and others providing the funds for these businesses. I am surprised at this attack in the way that it has been done because most people do not know that this Fund is kind of divided into two parts. We have the small nontraditional institutions that provide monies to small businesses in inner cities and rural communities. This is not a minority program, as it was referred to a moment ago; I want to set the record straight.
Said by
Maxine Waters
Democratic · California

Editor's note · Context

Opposing an amendment to freeze the Community Development Financial Institution Fund during a committee discussion.

Share

More from Maxine Waters

May 12, 2026

Mr. Speaker, there is a lot that Congress can do to help our community financial institutions. This includes taking up deposit insurance reform bills like the ones that I and my committee Republicans have put forward. Increasing deposit…

govinfo.gov
Jul 21, 2025

I rise in support of H.R. 2384, the Financial Technology Protection Act sponsored by Representative Nunn and Representative Himes. This bill seeks to establish the Independent Financial Technology Working Group to Combat Terrorism and…

govinfo.gov
Nov 21, 2025

Mr. Speaker, I thank Ms. Salazar for withdrawing her words, and let's get on with this discussion about socialism. Instead of legislating and doing the work to tackle real problems-- Americans face the skyrocketing cost of groceries…

govinfo.gov
Dec 10, 2025

I encourage all Members to vote ``yes'' on Ms. Garcia's amendment to strengthen the Bank Secrecy Act and anti-money laundering requirements for foreign investment advisers. This reasonable and well-considered provision will ensure…

govinfo.gov

Other voices in this conversation