house Bill H. Joint Res. 90
Should Congress Overturn the Trump Admin’s Changes to Community Reinvestment Act Regulations?
Argument in favor
Congress needs to reverse the Trump administration’s effort to implement regulations that would gut the Community Reinvestment Act, which would otherwise result in disinvestment in low- and moderate-income communities.
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06/29/2020
Congress allocates funds and legislates how they are to be used - not the executive branch. PERIOD. If Congress disapproves the use of executive regulations that are claimed to make Congressional allocations 'better' by the administration's redefinition of the rules - Congress has the sole right to overturn those changes made by the administration. PERIOD. If the Congress supports the revised regulations as being beneficial to the final allocation of funding as intended, they can choose to accept the administration's changes. The administration has absolutely no say in this matter. PERIOD. It is called separation of power and is fundamental to our government. PERIOD. AS long as we are not governed by a monarchy, the trump should have no input or influence over the process.
06/29/2020
Congress controls the purse. Period. Not Admin. I may not agree with a lot of what Congress spends my taxes on, but it is their constitutional duty to make those decisions. Voting against this is absurd. The Constitution is clear on this. End of Story.
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06/29/2020
If Congress doesn’t over turn due to obstructionist McConnell then it should be taken to court just like illegally using defense funds for a border wall.
Community Reinvestment Act (CRA) was enacted by Congress in 1977, all subsequent amendments were done by Congress, and funding is set by Congress.
Maybe Trump is just looking for another source of funds for building the border war since he has been cut off from using defense funding? Or maybe it’s retribution for demonstrations & failure of the Justice Act in the Senate that he had Scott & McConnell author? Maybe both?
“The U.S. Court of Appeals for the Ninth Circuit on Friday, June 26 ruled that the Trump administration’s use of Pentagon funds to build a wall along the U.S.-Mexico border is illegal. “
https://www.federalreserve.gov/consumerscommunities/cra_history.htm
https://www.courthousenews.com/trump-scheme-to-fund-border-wall-illegal-ninth-circuit-rules/
Argument opposed
The regulations that Democrats are seeking to overturn in this legislation would actually promote lending in low- and moderate income communities, and a reversal would cut off vital investment that would bring prosperity to those communities.
06/29/2020
Mad Max has been in government for almost 50 years. Anything she is sponsoring you can bet that it’s only good for more power and control for her and her corrupted commie cronies.
Maxine, Feinstein, Schumer, Pelosi, Biden and Leahy have 290 years collectively in Congress.
The only bill I could support from Democrats would be one for term limits.
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06/29/2020
Curious. How can Maxine Moore Waters afford a 4.3 million dollar Los Angeles mansion on a 170K salary? The annual taxes on her home are 143K. Odd huh?
Congress allocates funds and legislates how they are to be used - not the executive branch. PERIOD. If Congress disapproves the use of executive regulations that are claimed to make Congressional allocations 'better' by the administration's redefinition of the rules - Congress has the sole right to overturn those changes made by the administration. PERIOD. If the Congress supports the revised regulations as being beneficial to the final allocation of funding as intended, they can choose to accept the administration's changes. The administration has absolutely no say in this matter. PERIOD. It is called separation of power and is fundamental to our government. PERIOD. AS long as we are not governed by a monarchy, the trump should have no input or influence over the process.
Mad Max has been in government for almost 50 years. Anything she is sponsoring you can bet that it’s only good for more power and control for her and her corrupted commie cronies.
Maxine, Feinstein, Schumer, Pelosi, Biden and Leahy have 290 years collectively in Congress.
The only bill I could support from Democrats would be one for term limits.
Congress controls the purse. Period. Not Admin. I may not agree with a lot of what Congress spends my taxes on, but it is their constitutional duty to make those decisions. Voting against this is absurd. The Constitution is clear on this. End of Story.
If Congress doesn’t over turn due to obstructionist McConnell then it should be taken to court just like illegally using defense funds for a border wall.
Community Reinvestment Act (CRA) was enacted by Congress in 1977, all subsequent amendments were done by Congress, and funding is set by Congress.
Maybe Trump is just looking for another source of funds for building the border war since he has been cut off from using defense funding? Or maybe it’s retribution for demonstrations & failure of the Justice Act in the Senate that he had Scott & McConnell author? Maybe both?
“The U.S. Court of Appeals for the Ninth Circuit on Friday, June 26 ruled that the Trump administration’s use of Pentagon funds to build a wall along the U.S.-Mexico border is illegal. “
https://www.federalreserve.gov/consumerscommunities/cra_history.htm
https://www.courthousenews.com/trump-scheme-to-fund-border-wall-illegal-ninth-circuit-rules/
Curious. How can Maxine Moore Waters afford a 4.3 million dollar Los Angeles mansion on a 170K salary? The annual taxes on her home are 143K. Odd huh?
YES. YES. Trump has almost gutted it. Congress needs to reverse what Trump has done to regulate it so that the Community Reinvestment Act would be useless. The reason for which was instituted & the results from that gutting would cause a huge in disinvestment in low- and moderate-income communities. The OPPOSITE OF WHAT SHOULD BE HAPPENING TODAY.
We have separation of powers for good reason. Congress controls the money, not the Executive branch. Let’s keep it that way!
The Community Reinvestment Act (CRA) was one of the main ways to prevent redlining and ensure that financial institutions give equal access to mortgages to people in low-income neighborhoods, predominantly black and brown people. Gutting the CRA is another racist attack on black people in this country and it must be stopped. As it is, there is not much incentive for banks and lenders to provide money to black people, which is why so many black-owned businesses do not work with banks and why so many black people rent instead of own. The CRA is a way of fighting the systemic racism already in place in this country, and it must be upheld or improved.
Trump has done nothing to benefit the common man except criminal justice reform.
Oh, Dicr, he only did that because a Kardashian and her supporters wanted him to. Not because he had a heart. It was because of the media attention she brought to the issue. Please don’t give him credit, when none is due!
Congress should reassert their power of the purse. It's ridiculous that this Congress meekly goes along with the administration's encroachments on their constitutional obligations.
The money should go to communities that lack the capital, not to the “President’s” wealthy friends.
The executive branch is power hungry. They are desperate to become an Authoritarian Country just like Russia. I for one will not be surprised when they find concrete evidence that 🍊💩🤡Traitor Trump & family has been coordinating with Putin all along!
Supporting our communities is essential to maintaining our democracy.
If we are to become the country we are supposed to be, we MUST invest in struggling communities. The preamble to our constitution says we must promote the general welfare. Let’s honor our constitution and our citizens.
The argument Against this sounds a lot like for the mid and lower income communities, you don’t need investment loans or opportunities. Just wait for the wealthy people to come rescue you. You’ll be waiting a long time.
Trump can’t be trusted on anything and neither the senate republicans to up hold the constitution or the rule of law!