Jim Gerlach: “I have real doubts that this can be implemented without institutionalizing an entire segment of too-big-to-fail…”

I thank the gentleman. Madam Chairman, I yield back the balance of my time. Amendment Offered by Mr. Grayson

The Supreme Court in Raines v. Byrd made it clear that if Members want to assert an institutional injury, the executive's act must effectively nullify a prior act of Congress.

The President, through his actions on the ACA, as well as other areas of executive action, is fundamentally altering the delicate constitutional balance among the 3 branches of our Federal system.

Explicit authorization for litigation is critically important because what it does is it signals to the Court that the institution as an institution believes it has been injured.