On the recordJuly 6, 2016
I appreciate the concern that the gentleman has about maintaining the budgetary constraints, but that is the very problem that agencies like the FDIC and others have had. They have had the authority, but they have not had the independence. The appropriation process ties the hands of these agencies. The one bright star is the CFPB, which is independent, and it supports consumers. I just want to point out that changing the structure of the CFPB to a commission would add $66 million to our deficit. I look forward to my friends on the other side of the aisle's vote on my amendment since it not only preserves the independence of the CFPB, but it continues to ensure that U.S. markets are the fairest and most robust in the world, and it protects consumers from mischief in this appropriations process. I yield back the balance of my time. The Acting CHAIR. The question is on the amendments en bloc offered by the gentlewoman from Wisconsin (Ms. Moore). The question was taken; and the Acting Chair announced that the noes appeared to have it.
