Political Quotes

“It is an honor to serve in the Congress of the United States of America under Chairwoman Waters' leadership. Madam Speaker, Ms. Waters and I both know that the CRA was not born to create luxury homes in opportunity zones. The CRA was not birthed to provide opportunities in what are being called banking deserts that may not be LMI communities. The CRA was born to correct the harm that the government had done in the 1930s. At that time, the government, by and through the FHA, decided that it would craft maps, and these maps had red lines on them. These red lines became communities that were undesirable, but more appropriately, they were deemed unsafe, and as a result, lending institutions would not lend in these redlined areas. The CRA was born to end the discrimination, the redlining, but this bill takes a step back to the 1930s. This bill will not undo the harm that was done; it will increase the harm. I cannot support it. The CRA was created to help LMI, low-to-moderate income, communities have banking privileges that they were denied under the law. This bill doesn't help us with the LMIs. It is going to give those big guys an opportunity to acquire these funds. I stand against it. Madam Speaker, I support the chair of the committee and I stand for justice for the LMI communities. Mr. McHENRY. Madam Speaker, I yield 3 minutes to the gentleman from Michigan (Mr.…”