The CFPB is unaccountable to Congress because it determines its own funding stream.
Jeb Hensarling
The Public Record
Jeb Hensarling is a former Republican member of the United States House of Representatives, representing Texas's 5th congressional district from 2003 to 2019. During his tenure, he served as the chairman of the House Financial Services Committee, where he played a significant role in shaping financial regulation and policy. Hensarling was known for his advocacy of free-market principles and his opposition to the Dodd-Frank Act, which was enacted in response to the 2008 financial crisis.
The CFPB is unaccountable to the President, because the director can only be removed for cause.
Now that Mick Mulvaney is acting director, I still maintain that the CFPB is the most powerful and unaccountable agency in the history of the republic.
I maintained it was perhaps the single most powerful and unaccountable agency in the history of the republic.
I am just amazed that anybody from North Carolina, after being beaten by Texas A&M by 21 points, would make any allusion to basketball whatsoever. I trust our next speaker will not make that mistake. Mr. Speaker, I yield 3 minutes to the…
May I inquire as to how much time I have remaining. The SPEAKER pro tempore (Mr. Ferguson). The gentleman from Texas has 5\1/2\ minutes remaining.
I am very pleased now to yield 3 minutes to the gentleman from Wisconsin (Mr. Duffy), the chairman of the Financial Services Committee Subcommittee on Housing and Insurance.
I personally want to commend you, Chairman Powell, for leading the way on normalization and I encourage you to continue in this pursuit.
May I inquire how much time I have remaining. The SPEAKER pro tempore (Mr. Yoder). The gentleman from Texas has 1 minute remaining.
I would tell the ranking member that I have potentially two speakers, if they make it. They are on their way from a hearing, but they are not here now. {time} 1600
I am pleased to yield 2 minutes to the gentleman from Indiana (Mr. Hollingsworth), another hardworking member of the Financial Services Committee.
I am now pleased to yield 2 minutes to the gentleman from Florida (Mr. Ross), vice chairman of the Housing and Insurance Subcommittee.
I am very pleased now to yield 3 minutes to the gentleman from South Carolina (Mr. Norman), a cosponsor of the legislation and a great friend of the Financial Services Committee.
That is exactly what I think the benefit of this tax plan is, is letting families have more of their money in their pocket to do what they need to do to help their family and to have their priorities met.
I would hope that all within earshot have listened carefully at what might happen if we choose not to engage in GSE reform.
May I inquire how much time I have remaining? The SPEAKER pro tempore (Mr. Diaz-Balart). The gentleman from Texas has 6 minutes remaining.
I am pleased to yield 3 minutes to the gentleman from Colorado (Mr. Tipton), the vice chairman of our Subcommittee on Oversight and Investigations.
I am now very pleased to yield 3 minutes to the gentleman from Oklahoma (Mr. Lucas), a member of the Financial Services Committee.
I am pleased to yield 3 minutes to the gentleman from Missouri (Mr. Luetkemeyer), the chairman of our Financial Services' Subcommittee on Financial Institutions and Consumer Credit.
I thank the gentleman for yielding. Mr. Chairman, not only do I want to thank him for his leadership in providing accountability to the World Bank to ensure that the poorest of the poor are truly helped and that the hardworking…
May I inquire how much time I have remaining. The Acting CHAIR. The gentleman has 4\3/4\ minutes remaining.
I am pleased now to yield 4 minutes to the gentleman from Texas (Mr. Williams), the vice chairman of Financial Services Subcommittee on Monetary Policy and Trade.
I happen to have the letter in my hand. I would be happy to share it with the ranking member if she has misfiled it. Mr. Speaker, I yield 30 seconds to the gentleman from New Jersey (Mr. GOTTHEIMER), a Democratic colleague. {time} 1615
I might point out to the ranking member that she should read her mail, since I responded to her letter. Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from Ohio (Mr. Davidson), a hardworking member of the Financial Services Committee.





