Sheila Jackson Lee: “While, I am clearly disappointed in the response, I am glad that I offered this amendment. I think the position is wrong…”

“While, I am clearly disappointed in the response, I am glad that I offered this amendment. I think the position is wrong as it relates to the needs to help individuals who have already suffered an enormous blow. In particular, financial literacy is an aspect that is certainly needed in low-income communities, and we can see the impact of not having the understanding of various financial opportunities. And the CDFI has done that, and particularly supporting Native Americans among many others. So I would ask my colleagues to support the Jackson Lee amendment because it is not a lot and it would add to this aspect of financial literacy, which we need. There are a lot of products that are out there, and I guess I might say that, as much as we have tried, with the Community Reinvestment Act, to assist or to encourage or to push our financial institutions to lend to our many diverse groups, low-income groups and minority populations, it is still a problem in getting access to funds by low- income communities. So the CDFI and the focused addition that I would add would, in fact, make a major difference, and I would ask my colleagues to support the amendment. Mr. Chairman, I yield back the balance of my time.”