Maxine Waters said "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." @ PoliticalQuotes.com

On the recordJune 5, 1996

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.

Said by

Maxine Waters

Democratic · California

Source

govinfo.gov

Editor's note · Context

Discussing the exclusion of the African-American Bank from funding in legislation.

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