In bill veto, Oklahoma takes a stand against loan sharks

Apparition of St. Margaret Mary Alacoque of the Sacred Heart of Jesus / CC BY-SA 4.0, via Wikimedia Commons

Chicago, Ill., Jun 10, 2023 / 07:00 am (CNA).
The month of June is dedicated to the Sacred Heart of Jesus, a devotion that began in the … […]

CNA Staff, Mar 27, 2020 / 02:17 pm (CNA).- The Knights of Columbus have offered a $1 million line of credit to Catholic dioceses to help dioceses and parishes suffering from the financial effects of the coronavirus pandemic.

“It is critical for us to support the Catholic Church in the United States at this time, so that the Church can continue to provide irreplaceable spiritual and charitable support, and can keep the staff supporting its mission and outreach employed,” Knights of Columbus CEO Carl Anderson said March 26. “Our fund is designed specifically to help dioceses and their parishes weather this pandemic financially so that they can continue their important work – now and after the pandemic.”

The $100 million fund allows up to $1 million line of credit per Catholic diocese. The program will open March 30 and will be available for 60 days following.

The Knights of Columbus say the interest rate is “very competitive,” equal to the rate of a one-year Treasury bill plus 2.25%.

The line of credit will have a two-year term. At the end of the term, dioceses may convert the line of credit into a Knights of Columbus church loan fully amortized at the prevailing rate for a five, 10 or 20 year period.

These are the same terms offered by the Knights of Columbus’ present ChurchLoan program

“The Knights of Columbus has been a key lender to parishes and dioceses for more than a century, and the ChurchLoan program remains a key source of financing for Catholic parishes and institutions,” the Knights of Columbus said.

The Knights of Columbus is a Catholic fraternal organization with nearly 2 million members in more than 15,000 local councils worldwide. Its members worked 76 million service hours in 2019 and helped donate more than $185 million in charitable causes.

Its life insurance branch claims about $109 billion life insurance in force. The insurance program helps fund the knights’ charitable work and other efforts to support the Catholic Church.

The Knights have many grassroots initiatives responding to the needs of the COVID-19 pandemic. The organization has asked members to help provide food and other essentials to those in need. It has also urged members to take part in blood drives. The Knights of Columbus helped pioneer nationwide blood drives in the 1930s.

With churches closed to help prevent the spread of the coronavirus, parishes face dwindling cash flow from collections. It is doubtful whether churches will open for the crowds who typically attend Mass on Easter, as some models project the virus will peak at the time.

Some parishes and dioceses have tried to expand online giving. Catholic charitable outreach also faces shortages of funds at a time of great need.

At the same time, the coronavirus has prompted massive layoffs. About 3.3 million Americans filed for unemployment and the unemployment rate could have already risen to 5.5%, the highest since 2015, the Washington Post reports.

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Washington D.C., Jul 21, 2017 / 04:52 pm (CNA/EWTN News).- The US bishops’ representative for domestic justice has asked Senators not to vote to repeal the current health care law unless they have an alternative in place that offers acceptable levels of coverage.

“In the face of difficulties” of bringing health care legislation to the Senate floor, Bishop Frank Dewane of Venice said in a letter to senators on Thursday, “the appropriate response is not to create greater uncertainty, especially for those who can bear it least, by repealing the ACA [Affordable Care Act] without a replacement.”

“Yet,” he said July 20, “reform is still needed to address the ACA’s moral deficiencies and challenges with long-term sustainability.”

After the House passed a health care bill repealing the ACA and replacing it with provisions of the American Health Care Act (AHCA), the Senate has worked on producing a bill of its own, the Better Care Reconciliation Act (BCRA). However, the Senate has so far failed to bring a health care bill to the floor for a vote.

This week, Majority Leader Mitch McConnell (R-Ky.) announced that not only did the Senate not have the votes to pass the health care bill, but it did not have the votes required to sustain debate on repealing and replacing the ACA.

He announced that a vote would occur anyhow, on the House health care bill with an amendment attached that would repeal the current health care law but allow for a two-year transition period for stability.

A vote to repeal the Affordable Care Act is expected as soon as Tuesday. However, according to reports it is still unclear exactly which bill the Senate would vote on to replace the Affordable Care Act.

The pro-life group Susan B. Anthony List, for example, advocated on Friday that the Senate should vote either on its own health care bill or on the 2015 reconciliation bill that repealed the ACA. Those bills would end the funding of abortion coverage within the ACA, Susan B. Anthony List said.

Pro-life leaders, including Marjorie Dannenfelser, president of the Susan B. Anthony List, and Jeanne Mancini, president of the March for Life, met with Vice President Mike Pence on Friday. Mancini called it a “good meeting” and reiterated that “abortion is not health care,” referring to funding of abortion coverage under the current health care law.

Bishop Dewane had previously said that no repeal of the current health care law should be made without a suitable replacement plan. “To end coverage for those who struggle every day without an adequate alternative in place would be devastating,” Bishop Dewane said.

He said any replacement plan must be one that “protects poor and vulnerable people, including immigrants, safeguards the unborn, and supports conscience rights.” The replacement plans that have been proposed by the House and Senate are “seriously flawed, and would have harmed those most in need in unacceptable ways,” he said.

While the bishop had applauded the Hyde Amendment protections in the House bill that would have blocked the taxpayer funding of abortions through tax credits and other subsidies, he had expressed serious concern about its changes to Medicaid and other provisions. The bill, he said, would cut coverage or make it more cost-prohibitive for those who may need it most, like the elderly, the poor, and the chronically ill.

The revised Senate plan, meanwhile, was still “unacceptable,” the bishop said in a statement last Thursday.

Regarding the original Senate health care proposal, in his June 27 letter Bishop Dewane said that “at a time when tax cuts that would seem to benefit the wealthy and increases in other areas of federal spending, such as defense, are being contemplated, placing a ‘per capita cap’ on medical coverage for the poor is unconscionable.”

He added that under the bill health coverage costs could increase for many elderly and poor persons “because of decreased levels of tax credit support and higher premiums.” And, the bishop said, the bill, like its House counterpart, lacked conscience protections.

He warned that the pro-life language in the bill was laudable, but echoed concerns of other pro-lifers that the language could be stripped by the Senate Parliamentarian before it reached the Senate Floor.

The revised Senate bill contained some slight improvements like more funding to fight opioid addiction, “but more is needed to honor our moral obligation to our brothers and sisters living in poverty and to ensure that essential protections for the unborn remain in the bill,” he said last Thursday.

This week, however, the Senate bill was scuttled. Yet amid the uncertainty of what the senators may vote on next week, “the appropriate response is not to create greater uncertainty, especially for those who can bear it least, by repealing the ACA without a replacement,” Bishop Dewane said.

On Friday, Pence urged Americans to ask their senator to vote to begin the debate to repeal and replace the ACA on Tuesday.

Susan B. Anthony List, meanwhile, said the Senate should work to ensure a bill is passed which defunds Planned Parenthood and protects taxpayer funding from going to abortion coverage in federally-subsidized plans.  

“The first step is voting for the motion to proceed to the House-passed bill which replaces Obamacare abortion funding with health assistance that does not include abortion coverage and redirects funding for certain abortion providers to noncontroversial community health centers,” the group’s president Marjorie Dannenfelser said in a July 20 letter to senators.

“While the House bill faces procedural hurdles, we support passage of a substitute amendment that is substantially similar to the Obamacare repeal bill sent to President Obama in January 2016,” she added.

“Obamacare has been a disaster for unborn children through its unprecedented expansion of taxpayer-funded abortion,” Dannenfelser said.

“The 2015 reconciliation bill that was sent to President Obama’s desk or the Better Care Reconciliation Act would roll back this damage and help return us to the principle that abortion is not health care.”

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