Political Quotes

John Sarbanes: “Which in fact has been strongly urged by a number of the community groups that are supportive of CRA. They in effect…”

On the recordMay 5, 1999
Which in fact has been strongly urged by a number of the community groups that are supportive of CRA. They in effect want to extend it out. If that were to be done, I would recognize that as an expansion, and we could fight that issue, as it were. But that is not what is in this amendment. This amendment puts the requirement only on the bank, if it seeks to go out and do those activities. That seems to me to be perfectly reasonable. In fact, it seems to me failure to do that is really a setback or an erosion of CRA. I ask the Senator his view on that question.
Said by
John Sarbanes
Democratic · Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the implications of an amendment related to the Community Reinvestment Act (CRA).

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