Tuesday, April 16, 2024

RINO House Financial Services Chair Still Plans to Prioritize ‘Diversity,’ ‘Inclusion’

'For four years, Democrats wasted the valuable and limited time and resources of our committee to push burdensome mandates on American job creators...'

(Jacob Bruns, Headline USA) The newly appointed RINO chair House Financial Services Committee said he plans to keep “diversity and inclusion” as major aims of its work, as well as that of its and its six subcommittees.

Rep. Patrick McHenry, R-N.C., will continue to prioritize the controversial obejective established under previous committee chair Rep. Maxine Waters, D-Calif., the Washington Times reported.

That is unlikely to allay the recent concerns of House conservatives who already feared newly elected speaker Kevin McCarthy, R-Calif., may be too moderate for the job that needs to be done of correcting America’s wayward course and keeping the corrupt Biden administration in check.

Under Waters, House Democrats threatened to weaponize their oversight duties in order to pressure banks to submit to their agenda by denying financial access to companies like gun manufacturers and those that failed to meet their green demands.

Meanwhile, Democrats encouraged woke corporations to use so-called ESG investing in order to exert their own political pressure on those who opposed their radical values.

Many companies have now embraced the principles of “diversity, equity and inclusion”—a Marxist euphemism to promote “equal” outcomes through preferential treatment of minorities instead of equal protection under the law.

The commitee’s website now says that Rep. Ann Wagner, R-Mo., the chair of the Subcommittee on Capitol Markets, will identify “best practices and policies that continue to strengthen diversity and inclusion in the capital markets industry.”

Rep. Bill Huizenga, R-Mich., leader of the Subcommittee on Oversight and Investigations, will likewise ensure the “programmatic commitment to diversity and inclusion policies.”

Further, the Subcommittee on Financial Institutions and Monetary Policy, chaired by Rep. Andy Barr, R-Ky., will resume “identifying best practices and policies that continue to strengthen the financial industry’s commitment to diversity and inclusion.”

McHenry sought to placate the conservative base by telling the Times that he also planned to turn the committee’s toward deregulation and job creation—contrary to the aims of his Democratic predecessor.

“For four years, Democrats wasted the valuable and limited time and resources of our committee to push burdensome mandates on American job creators,” he said. “Democrats’ goal was to name and shame companies until they parroted their woke social agenda.”

Per McHenry, the GOP will “refocus the Committee on the kitchen table issues that matter most to American families, from charting a path out of the dismal Biden economy to expanding opportunities for all Americans.”

Headline USA’s Ben Sellers contributed to this report.

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