Political Quotes

“This amendment is very simple. During committee markup of this bill, we were successful in adding a restoration of $25 million to the CDFI fund. Because of the way the amendment was drafted in committee, this secondary amendment is necessary to designate the individual funds within the CDFI account. The CDFI banks that this amendment seeks to assist provide essential financial products to underserved populations, often the poorest of the poor. Additionally, financial literacy education provided by CDFI banks is an invaluable service to our most at-risk and disadvantaged communities across the Nation. Again, this amendment is purely clerical in nature and ensures that the $25 million added at committee markup is equitably distributed between the separate CDFI funds so it can do the most good for our most needy. Mr. Chair, I ask the House to pass this amendment to ensure these reach their intended recipients, and I reserve the balance of my time.”