Political Quotes

“I will be brief in response to my friend, the gentleman from Maryland, who makes the arguments that the authors of the Dodd-Frank law made, which was that we designed this to be independent. Well, that is fine. That is what they wanted, but they can't do it unconstitutionally. As the Fifth Circuit said very, very well, while the defenders of the structure of the agency, of the CFPB, contend that there is no constitutional infirmity because the funding scheme was actually enacted by Congress in the Dodd-Frank law, and, therefore, it is constitutional. In essence, the bureau contends that because Congress spun the agency's funding mechanism into motion when it passed the act, voila, the appropriations clause is satisfied. That is not the way the Constitution works, Mr. Chair. This body cannot unconstitutionally delegate away our most fundamental power, which is the power of the purse. Vote for the Womack appropriations bill. Restore the power of the purse. Defend this institution.”