Newsroom
January 17, 2017
House bill would stop settlement slush funds
House Judiciary Committee Chairman Bob Goodlatte, R-Va., introduced bipartisan legislation to stop all government agencies, including the CFPB, from requiring defendants to donate money to outside groups as part of their settlement agreements with the federal government.
Goodlatte said he noticed a need for this bill, H.R. 522, the "Stop Settlement Slush Funds Act of 2017," after a House Judiciary Committee investigation found that the Justice Department had engaged in a "pattern or practice" of using settlements from financial institutions "to funnel money to left-wing activist groups."
He noted that these payments occur outside of the congressional appropriations and oversight process and that the investigation into this practice is ongoing.
Every Republican member of the House Judiciary Committee is an original cosponsor of the bill.
This bill is identical to legislation introduced last year that passed the House by a vote of 241-174.
Goodlatte said he noticed a need for this bill, H.R. 522, the "Stop Settlement Slush Funds Act of 2017," after a House Judiciary Committee investigation found that the Justice Department had engaged in a "pattern or practice" of using settlements from financial institutions "to funnel money to left-wing activist groups."
He noted that these payments occur outside of the congressional appropriations and oversight process and that the investigation into this practice is ongoing.
Every Republican member of the House Judiciary Committee is an original cosponsor of the bill.
This bill is identical to legislation introduced last year that passed the House by a vote of 241-174.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
AI in Action: Redefining Disaster Preparedness and Financial Security
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Get daily updates.
Subscribe to NAFCU today.