Alex Mooney: “In the past, the Consumer Financial Protection Bureau has taken a, 'punish first and ask questions later' approach.”

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), add the following: Sec. _. None of the funds made…

the CFPB has a unique, and frankly, I believe, unconstitutional funding structure, taking funds from the Federal Reserve rather than through the annual appropriations process from Congress.

the CFPB, in my opinion, has rightfully been criticized, based on our first discussion, about going outside their rulemaking, outside their authority.

I would call upon the subcommittee to think deeply about passing some sort of bill about stablecoins.