H.R. 5485 Duffy Amendment Unauthorized Spending Mandates (Roll Call 358)
The Congressman Sean Duffy (R-WI-07) amendment to the Financial Services Appropriations bill reduces spending for the Community Development Financial Institutions account by $20.7 million. The reduction offsets the amount banks have been forced to give organizations selected by the Department of Justice, such as La Raza, as part of settlement agreements outside of the congressional appropriations process. ACU opposes attempts to circumvent the role of Congress under the Constitution through executive action and opposes activities that use government authority to funnel money to favored groups and supported this amendment. The House defeated the amendment on July 6, 2016 by a vote of 166-254.