Should Congress consider legislation, such as the discussion draft that I am cosponsoring and intend to introduce, to ensure that the OFR has independent and sufficient funding to gather data on leveraged lending and CLO markets and other emerging threats?
Bill Foster: “Should Congress consider legislation, such as the discussion draft that I am cosponsoring and intend to introduce, to…”
Editor's note · Context
Foster advocates for legislation to secure funding for the Office of Financial Research.
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This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.





