Discussion · House of Representatives
Maxine Waters Democrat
“I want the House to vote against this bill. Many civil rights, labor, and consumer groups across the country oppose it. It weakens rules that stop banks from discriminating and makes it harder to hold banks accountable.”
“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, a wide variety of labor, consumer, and civil rights groups are strongly opposed to this bill. Let me read from one of the letters we received: ``The National Community Reinvestment Coalition (NCRC) and our network of 700+ community organizations urge Members to oppose H.R. 6955, the Main Street Capital Access Act and vote no on the House floor.’’ That is what we are being urged to do by our supporters. ``H.R. 6955 is a broad bank deregulation package that would weaken fair lending transparency, community accountability, bank supervision, and merger review. The bill would reduce the tools regulators and communities rely on to detect redlining, monitor access to credit, evaluate bank mergers, prevent harmful consolidation, and hold financial institutions accountable to the people they serve.’’ The signers of the letters don’t just come from blue States but from all over the United States of America. This includes Build WyCo from the great State of Kansas. We also have Building Neighborhoods Together in Pennsylvania, Fair Housing Center of Northern Alabama, and Freedom Equity in Ohio. More signers include Georgia Advancing Communities Together, the Neighborhood Recovery Community Development Corporation in Texas, and the United States Broadway Corporation in New Mexico. I could go on and on, but there is no time for that. Mr. Speaker, I include in the Record the letter from NCRC.”
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, a wide variety of labor, consumer, and civil rights groups are strongly opposed to this bill. Let me read from one of the letters we received: ``The National Community Reinvestment Coalition (NCRC) and our network of 700+ community organizations urge Members to oppose H.R. 6955, the Main Street Capital Access Act and vote no on the House floor.’’ That is what we are being urged to do by our supporters. ``H.R. 6955 is a broad bank deregulation package that would weaken fair lending transparency, community accountability, bank supervision, and merger review. The bill would reduce the tools regulators and communities rely on to detect redlining, monitor access to credit, evaluate bank mergers, prevent harmful consolidation, and hold financial institutions accountable to the people they serve.’’ The signers of the letters don’t just come from blue States but from all over the United States of America. This includes Build WyCo from the great State of Kansas. We also have Building Neighborhoods Together in Pennsylvania, Fair Housing Center of Northern Alabama, and Freedom Equity in Ohio. More signers include Georgia Advancing Communities Together, the Neighborhood Recovery Community Development Corporation in Texas, and the United States Broadway Corporation in New Mexico. I could go on and on, but there is no time for that. Mr. Speaker, I include in the Record the letter from NCRC.