On the recordNovember 8, 2023
First, let me say I am sympathetic to the issue that the appropriations committee needs to conduct oversight, but I will tell everybody in this Chamber and those who are watching, this matter was a subject of very serious debate and resolution, and the resolution was we wanted to keep this agency independent and free of any political pressure. It was adopted on that basis by the House and the Senate and signed by the President of the United States. It is now the subject of a Supreme Court hearing. This is authorizing in the extreme an appropriation bill which, but for the waiver that was issued by the Rules Committee, a point of order would be applicable and would not be considered. I suggest that this is an authorizing matter. It is a matter that the Financial Services Committee needs to be seized of and report the gentleman's legislation out to the floor and that ought to be considered in the regular order. This is not the regular order for a major authorizing change, which was very controversial at the time it was raised, and it was passed to make sure that consumers are, in fact, protected and insulated from political pressure. Therefore, at such time, I will support an amendment to take this from the bill. I yield 1 minute to the gentleman from California (Mr. Levin), my friend.





