Political Quotes

Harris Wofford: “I support the Community Development Banking and Financial Institutions Act. I believe it will spur lending in…”

On the recordMarch 16, 1994
I support the Community Development Banking and Financial Institutions Act. I believe it will spur lending in underserved areas and I believe it will help the private sector to create jobs. The manager's amendment to S. 1275 includes an amendment, the Rural Capital Formation Amendment, that I and Senator Leahy have proposed. The purpose of this amendment is to make sure that the benefits of this legislation are felt in our rural communities. It will specifically give new and small rural community development banks more flexibility in meeting the matching requirements. I thank the committee chairman, the distinguished Senator from Michigan, and the ranking member, the distinguished Senator from New York for their assistance and cooperation.
Said by
Harris Wofford
Pennsylvania
Source
govinfo.gov

Editor's note · Context

Supporting the Community Development Banking and Financial Institutions Act during Senate floor debate.

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