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The SEC, which is tasked with protecting investors and ensuring fairness in our capital markets, is cut by over $200 million, even though the commission’s budget is financed by industry fees, not taxpayer funds.
The CDFI fund is inexplicably cut by $59 million in this bill. This means fewer resources to spur economic growth & revitalization in our most underserved & neglected communities. Cutting a bipartisan program by +20% means less affordable housing & key infrastructure.
The FSGG bill would also interfere in the local affairs of the District: repealing law allowing DC to use its own funds w/o Congressional approval, prohibiting funds for DC needle exchange programs, blocking local legalization of marijuana, banning DC’s Death w/ Dignity Act &more
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