Congress Must Restore the Power of the Purse It Gave Away

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One of the most recent decisions made by the U.S. Supreme Court is also one of the most disastrous for democratic self-government. The Court’s ruling in CFPB v. CFSA (2024) sends a message to Congress that it’s acceptable to hand federal agencies a blank check to do whatever regulators want. This decision does not just apply to the CFPB but also authorizes almost any kind of agency funding that passes Congress.

The trouble started when Congress enacted the Dodd-Frank Act in 2010, which created the Consumer Financial Protection Bureau. 

Read the full article on National Review.