Andy Koenig, senior policy adviser at Freedom Partners Chamber of Commerce, talks to the Wall Street Journal opinion page to rip federal “settlement slush funds.”
Koenig notes large settlements between the Justice Department and some of America’s largest banks during the past two years, in which “the banks must divert well over $11 billion into ‘consumer relief,’ which is supposed to benefit homeowners harmed during the Great Recession.”
“Instead, a substantial portion is allocated to private, nonprofit organizations drawn from a federally approved list,” he writes. “This is a handout to the administration’s allies. Many of these groups engage in voter registration, community organizing and lobbying on liberal policy priorities at every level of government.”
ILR has been highlighting the settlement slush funds issue during the past year, supporting Rep. Bob Goodlatte’s Stop Settlement Slush Funds Act of 2016 and spotlighting the issue at its May 2016 Enforcement Maze event.