Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

All it would take is Kevin McCarthy having the House of Representatives initiating litigation on this one. Will he?

Don't know, that's why we should keep our eye on it.

Violation of the Major Questions Doctrine? Congress refused to do this in the BBB Act and the POTUS dropped it from the IRA because it was controversial.

Can POTUS spend money on a program that the US Congress specifically rejected?

"The White House on Wednesday announced a program that will aim to train 20,000 young people for climate-focused jobs related to clean energy, land restoration, forest management and more.

The American Climate Corps is a federal effort to “ensure more young people have access to the skills-based training necessary for good-paying careers in the clean energy and climate resilience economy,” the White House said in a press release. In addition to training, the program also intends to be a pipeline for participants to get hired into green jobs.

This isn’t Biden’s first effort at building a green workforce.

In 2021, he proposed spending $30 billion on a Civilian Climate Corps, which would have had more than 300,000 members, as a part of the larger Build Back Better Act bill, the framework of Biden’s climate agenda. The Civilian Climate Corps appeared to be a modern version of the New Deal-era Civilian Conservation Corps, a program for unmarried young men to train for jobs in public land and forest improvement.

Biden’s CCC was eventually left out of the Inflation Reduction Act, the $430 billion package that poured a record $369 billion into climate policy initiatives, which Congress passed in August 2022. In the meantime, some states have been starting their own programs, but Democratic congress members have been waiting on federal-level action.

This move is an executive action and won’t require congressional approval. The White House didn’t announce how much it was spending on the program."

https://www.cnbc.com/2023/09/20/biden-launches-american-climate-corps-to-train-the-green-workforce.html