Federal Reserve Racial and Economic Equity Act

Floor Speech

BREAK IN TRANSCRIPT

Mr. ROSE. Mr. Speaker, I thank the gentleman for yielding.

H.R. 2543 will do nothing to resolve the long list of crises the Biden administration's policies have caused, such as runaway, devastating inflation; massive Federal debt; unacceptably high gas prices; a skyrocketing crime rate; and an open border that allows millions of illegal immigrants and tons of deadly fentanyl into our country.

This bill, which has no chance of becoming law and is dead on arrival in the Senate, would impose additional and burdensome reporting requirements on public companies, reduce access to credit, distract the Federal Reserve from pursuing its statutory mandate, and further politicize our regulatory agencies.

Families in middle Tennessee can't find baby formula and are struggling to pay for groceries and gas while Democrats are jamming through a partisan bill just to score political points with their leftwing progressive base. We must do better for our constituents and for our country.

BREAK IN TRANSCRIPT

Source