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The video of the interaction between Waters and Mnuchin became popular on social media, and the phrase became attached to her criticisms of Trump. These funds would be directed to three funds that support affordable housing initiatives, with 75% going to the National Housing trust fund. A key provision of the bill includes the collection of 10 basis points for “every dollar outstanding mortgages collateralizing covered securities”, estimated at $5 billion a year. The amendment targeted domestic surveillance activities (specifically that of the National Security Agency), and would have limited the flexibility of the NSA’s interpretation of the law to collect sweeping data on U.S. citizens.
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