From Congressional Documents and Publications:

“The most classic and still most important power of the legislature is the power of the purse. The CHOICE Act accordingly puts all the regulatory agencies, including the regulatory part of the Federal Reserve, under the democratic discipline of Congressional appropriations. This notably would end the anti-constitutional direct grab from public funds which was originally granted to the CFPB–and which was designed precisely to evade the democratic power of the purse.”

– Alex Pollock, Distinguished Senior Fellow, R Street Institute

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