The Congress shall have the Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;… – Article. 1. Section. 8.
The House Judiciary Committee approved a bill (H.R. 5063) “to limit donations made to settlement agreements to which the United States is a party, and for other purposes.” The bill is designed to dry up the Department of Justice’s (DOJ) slush fund.
Obama’s tyrannical DOJ has been forcing corporations to donate large sums of money from legal settlements to activist groups that share the same radical ideology and mission as Obama and his lickspittles at the DOJ. The practice of fining corporations and forcing them to give to radical leftist groups started with the mortgage crisis.
In 2008, not long after Obama took office, the DOJ started going after the banks that were heavily involved in the mortgage meltdown. The DOJ found plenty of defendants to extort for any number of mystical offenses. The first target was Bank of America’s subsidiary Countrywide Financial.
What did Countrywide do to warrant a DOJ investigation? The DOJ accused Countrywide of discriminating against minorities by charging them higher interest rates than white borrowers based on their race, not their credit scores. The DOJ claimed 200,000 minorities were victims of Countrywide’s institutional racism. Bank of America willingly submitted to the DOJ shakedown to avoid the bad publicity that would come from a civil trial and agreed to pay $335 million to settle out of court.
The $335 million did not get distributed to the “victims” of Countrywide’s misdeeds, the greater majority of the money went to liberal/progressive groups who have received Obama’s seal of approval. The scheme behind the shakedowns and settlements was first reported by Judicial Watch not long after the DOJ announced the settlement. Judicial Watch reported that, as part of the settlement, Bank of America is required to donate the lion’s share of the $335 million to liberal/progressive, activist groups such as the Association of Community Organizations (ACORN), National Council of La Raza (NCLR), Operation Hope, National Community Reinvestment Coalition, and others.
The DOJ also sued Bank of America for “financial fraud” that resulted in a historic settlement that netted the DOJ’s slush fund $16.65 billion. Extortion with the power of the federal government behind it is very lucrative.
The bill approved by the House Judiciary Committee is an attempt to stop the nefarious activities of the tyrannical DOJ. The bill is titled “Stop Settlement Slush Funds of 2016.” The following is from Section (a) of the legislation:
Limitation on Required Donations. An official or agent of the Government may not enter into a settlement agreement on behalf of the United States, or enforce such a settlement agreement, if that agreement includes a term requiring that any donation be made to any person by any party (other than the United States) to such agreement.
The legislation is the result of an ongoing investigation by the House Judiciary and Financial Services Committees that discovered, in just the last two years, “DOJ has used mandatory donations to direct as much as $880 million to activist groups.”
Extortion has become a valuable tool for fundamentally transforming America.