Political Quotes

“Ever since its ill-advised inception and inclusion in the Dodd-Frank Act, Republicans have been largely unified about many, many issues with the Consumer Financial Protection Bureau. Its unconstitutional, unaccountable leadership structure has been litigated before the Supreme Court. Its unaccountable funding structure--chiefly, the fact that its funding comes from the Federal Reserve and not the duly elected Members of Congress--will likely be addressed during the Court's October session. None of us know, nor should we presume to know, what the Court will decide on the latter issue. Nevertheless, as written, the underlying bill addresses concerns with the funding structure by funding the CFPB through the regular appropriations process. This amendment retains that provision at a level of zero. Mr. Chairman, I reserve the balance of my time.”