Adam Schiff: “It essentially would abolish this fund.”

“It precludes the use of a fund initiated as a result of a lawsuit by the president or vice president. So while it talks in terms of the president, vice president, It essentially would abolish this fund. It is not personal to this president and vice president. It would prohibit any future president from doing the same thing.” (15:13–15:17)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.