I believe the Federal Reserve is being pulled in two separate directions: on the one side, the critical strengthening of our banking system; but on the other, preserving the ability for underserved African Americans and other minority borrowers to obtain a mortgage and purchase a home.
Scott emphasizes the dual goals of strengthening banking and supporting minority mortgage lending.
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The failure to have a farm bill creates uncertainty, and that uncertainty makes it very difficult for producers to make decisions about their operations.
That is why I, along with my colleague from Connecticut, Representative Jahana Hayes introduced H.R. 4456, the Overcoming Higher Education Hunger Through the Supplemental Nutrition Assistance Program (or OHH SNAP) Act of 2023, which would do exactly that.
Well, thank you, Mr. Chairman, for holding this hearing today. And I certainly welcome our distinguished Secretary Vilsack.
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