Political Quotes

On the recordJune 26, 2020
I would like to close by thanking Representative Meeks for his leadership on this issue. I appreciate the support we have received from our colleagues in this effort. Make no mistake, unchecked, the OCC's final rule will harm low- income and minority communities that are disproportionately suffering during this COVID-19 crisis, and it will turn the Community Reinvestment Act into the community disinvestment act. In passing this Congressional Review Act resolution, we are not only nullifying the OCC rule, but we are sending two clear messages: regulators should be focused on protecting the economy from the pandemic and not on removing safeguards, and that after the pandemic, the OCC should go back to the drawing board and work with the Federal Reserve and FDIC to jointly issue a new rule that strengthens the Community Reinvestment Act and helps low-and moderate-income communities, including communities of color. For over a month now, by the thousands, Americans have been marching in the streets for justice. They are standing up against racism and fighting for justice for all. Just yesterday, this House passed historic legislation to reform our Nation's police forces and the unfair treatment so many people of color have experienced at the hands of those meant to serve and protect.…
Said by
Maxine Waters
Democratic · California
Source
govinfo.gov
Jun 26, 2020

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