Yes, Mr. Chairman. Mr. Chairman, I am aware that it is not authorized in this legislation. However, the other banks are not authorized either, but they got a waiver in the rule. So what we have here is a construction that recognized that the other banks were not authorized, they waived the rule so they could fund them, but they excluded the African-American Bank, and the chairman of the committee knows that took place. So it is not a matter of simply not having an authorization. The others do not have one either.
Maxine Waters: “Yes, Mr. Chairman. Mr. Chairman, I am aware that it is not authorized in this legislation. However, the other banks are…”
Editor's note · Context
Discussing the exclusion of the African-American Bank from funding in legislation.
Share
More from Maxine Waters
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…
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…
Our economy is struggling. People cannot afford groceries and gas. Every day, it seems more and more people are getting laid off. The American Dream is increasingly out of reach. A core engine of our economy has always been the…
Mr. Speaker, given the human rights violations committed by the Burmese leadership, we must ensure that no new funds are disbursed to the government. In line with longstanding U.S. policy, America should urge multilateral institutions like…





