On the recordMay 8, 2024
The sponsor of this bill, Mr. Flood, has asked what the alternative to this CRA resolution would be, and that answer is very simple: Draft a bill that narrowly addresses the current question about how this guidance applies to banks. The use of a CRA is dangerous and reckless. Mr. Speaker, I reserve the balance of my time. Mr. McHENRY. Mr. Speaker, my friend says dangerous and reckless. Well, Democrats used the Congressional Review Act process just like Republicans have used the Congressional Review Act process. This is not reckless or dangerous. It is law, and we are trying to be a check and balance on overreach of the administration. Mr. Speaker, I yield 2 minutes to the gentleman from Wisconsin (Mr. Fitzgerald), an esteemed member of the Financial Services Committee and Judiciary Committee.
