I want to change that statute so that we have a structure that is a bipartisan board, a structure that puts you on budget.

So if we are talking about the Democrat message today, it is that you are an independent Bureau but we don't like you, right?

the design of your Bureau, you have a fixed term of office, and absent--as the courts have found and the statute pertains--some exceedingly grievous act, you can't be removed from office.

The good news is that it is a new day in the CFPB, and I welcome that.

For nearly a decade, America's small businesses, community banks, and families have experienced firsthand what an unacceptable agency looks like.

designed this Bureau to be unaccountable.

It is called 'regulation by enforcement' and it is a dangerous and destructive approach to supervision.

Many of us have expressed serious reservations over the establishment of the CFPB. Those are still the initials, as you have re-established.

Madam Speaker, many in North Carolina and around the country are mourning the passing of our friend and colleague, Congressman Walter B. Jones, just as much as we are. Our dear friend humbly served the great people of eastern North…

Simply put, this bill contains programs that directly and indirectly serve every single American.

The bill was budget neutral, and it passed with overwhelming and historic bipartisan support.

I do want to urge the committee to acknowledge the seriousness of these challenges.

I was pleased when the Congress passed the Disaster Recovery Reform Act last year, the first comprehensive emergency management reform package since Hurricane Katrina.

That is a program funded jointly by the State and FEMA, and what it is aimed at is residents who might, with some temporary repairs, continue to live in their homes while the longer term repairs are being made.

We are having recovery--we are undertaking recovery efforts now and appreciate FEMA's cooperation.

So I am very concerned about this.

And you are confident you have those--those links out?

We might need to request a more formal inquiry on that.