This story appeared in Bank Digest.
The House Financial Services Subcommittee on Oversight and Investigations held a hearing entitled "The Bureau of Consumer Financial Protection's Unconstitutional Design" on March 21, 2017. The subcommittee examined whether the structure of the Consumer Financial Protection Bureau violates the Constitution, as well as structural changes to the bureau that are needed to resolve any constitutional infirmities.
- Opening Statement of Subcommittee Chairman Ann Wagner
- Testimony of Theodore Olson, Partner, Gibson, Dunn & Crutcher LLP
- Statement of Professor Saikrishna Prakash, James Monroe Distinguished Professor, University of Virginia School of Law
- Testimony of Adam White, Research Fellow, Hoover Institution
- Testimony of Brianne Gorod, Chief Counsel, Constitution Accountability Center
- Committee Memorandum
- Financial Services Committee press release
- Rep. Claudia Tenney (R-NY) press release