Settlement Slush Funds

In an op-ed piece that appeared in yesterday’s The Hill, Georgia’s 9th District Congressman Doug Collins decried the actions of Federal Agencies reaching settlements in ongoing litigation and then funneling much of the settlement to entities other than those directly harmed by the wrong doing.

In making his case for the Stop Settlements Slush Fund Act, the Congressman stated:

Recent mortgage lending settlements illustrate the flimflam well. Major banks entered into settlements with the DOJ wherein hundreds of millions of settlement dollars went not to victims, nor to the Treasury, but to third-party groups.

Congressman Collins believe this legislation will move us one step closer to

the constitutional nirvana that comes with three checked, balanced, and complementary branches of government