The full House Appropriations Committee approved by a vote of 28-21 a fiscal 2015 spending budget that includes funding for the Treasury Community Development Financial Institutions Fund and the NCUA Community Development Revolving Loan Fund.The measure would provide $1.07 million in CDRLF funding for technical assistance grants for low-income credit unions, and requests $230 million for the CDFI Fund. All federally insured credit unions with NCUA’s low-income designation are eligible to apply to both the CDFI Fund and the CDRLF for assistance.During the mark-up, Rep. Marcy Kaptur, D-Ohio, spoke about the importance of the CDRLF, and noted that credit unions play an important role in serving an increasing number of under-banked Americans. She also mentioned her support for the U.S. Postal Service providing banking in rural areas.Rep. Kevin Yoder, R-Kan., attached an amendment that would add language to amend Section 716 of the Dodd-Frank Act, which deals with derivatives.The bill also provides funding for the Judiciary, the Treasury Department, the Small Business Administration and the Securities and Exchange Commission, among other agencies.The requested budget for the agencies totals $21.3 billion, which is $566 million below the FY 2014 enacted level and $2.3 billion below President Obama’s request for those programs. The bill would also prevent the IRS from implementing so-called ObamaCare, or the Affordable Care Act. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Youngster, Ravindra Harry stormed off with the Demerara Distillers’ Limited-sponsored, El Dorado Golf Classic on Saturday at the Lusignan Golf Course after finishing with the best net score of the day. Playing on the lush greenery, Harry was classed in the ‘B’ Flight with 10-18 handicap where he bested second placed Faizal Haniff (68/15) and Paton George (68/18) by just one stroke after completing the course with a score of 67/16. In that Flight, Philbert London (70/18), Ayube Subhan (72/14) and George Bulkan (73/16) also performed exceptional.Meanwhile in the ‘A’ Flight 0-9 handicap, Jaipaul Suknanan (71/9) stunned 10-time Guyana Open Champion, Avinash Persaud who settled for second with 71/2 while Patrick Prashad (71/9) finished in third and veteran, Mike Mangal ending in fourth with 71/8 after a four-way tie.Also, in the ‘C’ Flight, Gavin Todd with 69/19 reigned supreme over Imtiaz Subhan (70/19) and Videsh Persaud (71/28) in second and third respectively. Brian Hackett secured fourth with 72/23 while Shanella London ended with 73/15. Former Deputy Mayor, Alfred Mentore copped the longest drive while Satrohan Tiwari won the nearest to the pin and Persaud walked away with the best gross.