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Russell Vought: “CDFI individuals get an exemption from ability to repay.”

Featuring: Russell Vought, Director, U.S. Office of Management and Budget | National

'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts

Published July 2, 2026 | Video Starts at 08:54

We put forward proposals that are similar but different. I have concerns from my perch at CFPB where I'm in charge of people's ability to repay and they CDFI individuals get an exemption from ability to repay. So when you turn, you look at the kind of market and tensions and cracks in the market that could come from that, I have concerns. (08:54–08:58)

CLAIM

Asserts that CDFI individuals are exempt from the ability to repay requirements.

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.

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Russell Vought

“Some of the CDFIs that the Biden administration were funding... 4.9 million for local initiatives, support corporation that publishes blogs…”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 09:08-09:22
“I do not concur with the validity of those studies [that claim people have died due to cuts to USAID].”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 01:16-01:19
“I do not believe that the administration [is responsible for deaths due to USAID cuts].”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 01:30-01:33
“I am familiar with the press that you are citing. The reports that you are also referring to.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 02:54-03:01
“I will personally read all correspondence that Congress gives me and do everything I can to be responsive to them.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 03:19-03:25
“We're monitoring all of these studies to see if there's validity.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 03:31-03:35
“We have adequate foreign aid for this.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 05:11-05:14
“This administration continues to fund foreign aid just at the Department of State.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 06:24-06:29
“24.6 million to build climate resilience in Honduras.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 06:48-06:53
“38.6 million to build low emissions development in West Africa.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 06:52-06:57
“600,000 for listening tours on local development in Timor Leste.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 06:57-07:03
“12 million for telling the USAID story in Bosnia Herzegovina.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 07:02-07:07
“13.4 million for civic engagement in Zimbabwe.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 07:07-07:11
“We passed the rescissions package last year which included a number of these reductions.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 07:11-07:17
“Our foreign aid is now serving with the best of intentions, the policy objectives of Congress and the President of the United States.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 07:17-07:25
“We put out the NOFOS this week.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 08:31-08:35
“We are implementing the spending as you have put forward in the appropriations process.”
'Look! You're not Confucius, sir': Rep. Pocan reads quote from Bible, grills Vought over USAID cuts | Uploaded July 2, 2026 | 08:35-08:41