House
Overwhelmingly Passes Bill to End Obama Admin ‘Slush Fund’ DOJ directed over $800 million in mandatory donations to
activist groups, by Randy DeSoto, 9/7/16
The House of Representatives passed
legislation Wednesday which would block President Obama from funding favored
political organizations through penalties levied against banks.
The final tally of votes for the “Stop Settlement Slush Funds Act of
2016” (H.R. 5063)
was 241-174, with five Democrats joining with all the Republicans present to
approve the measure.
As reported by Western Journalism, the Obama administration once again appears to be
employing extra-constitutional ways to get around Congress and fund many of its
favorite organizations, some of which are engaged in political activities.
After forcing multi-billion
settlements with most of the major banks in the country over mortgage
practices, the Justice Department offered them the option of paying back
some or all of the amounts owed on a better than a two-for-one dollar basis by
“donating” to approved organizations, rather than remitting all the money to
the U.S. Treasury.
For example, Bank of America donated
“$1.15 million to the National Urban League, which counts as if it were $2.6
million against the bank’s settlement. Similarly, $1.5 million to La Raza takes
$3.5 million off the total amount of ‘consumer relief’ owed by the bank,” the
Wall Street Journal reported.
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