On the recordMay 13, 2010
Mr. President, I understand amendment No. 3987 has been called up by the manager of the bill, and I think it has been made pending, so I wish to speak to it. I hope at the appropriate time we will be able to get an agreement for a vote on it, and I will ask for the yeas and nays following my remarks. This amendment is a very simple, straightforward one. It is one paragraph long. It is not complicated. What it essentially does is it sets a sunset date for the newly created bureau of consumer protection, allowing Congress to reevaluate the bureau after 4 years. I think most Americans, if they knew we were creating a big new bureaucracy here in Washington, DC, would want us to have some oversight. They would want some accountability. They would want to make sure their tax dollars are being spent wisely and well. This new consumer protection bureau will have lots of new Federal employees here in Washington, DC. It will spend hundreds of millions of dollars every single year. Yet Congress has literally no oversight or authority with regard to this new bureau.…





