Gina Intheburg 🇺🇦 🌻 on Nostr: #SCOTUS surprise: Thomas agrees: the Consumer Financial Protection Bureau doesn't ...
#SCOTUS surprise:
Thomas agrees: the Consumer Financial Protection Bureau doesn't have to petition Congress for funds each year like other govt programs.
It's authorized to draw from the Federal Reserve whatever its Director deems "reasonably necessary to carry out" the Bureau’s duties, subject only to an inflation-adjusted cap.
He wrote: the only question is does this funding mechanism comply w/the Appropriations Clause. We hold it does.
Six others agreed.
#CFPB
https://lawandcrime.com/supreme-court/blatantly-attempts-to-circumvent-the-constitution-justices-thomas-and-alito-clash-over-agency-created-during-obama-years-after-2008-financial-crisis/
Thomas agrees: the Consumer Financial Protection Bureau doesn't have to petition Congress for funds each year like other govt programs.
It's authorized to draw from the Federal Reserve whatever its Director deems "reasonably necessary to carry out" the Bureau’s duties, subject only to an inflation-adjusted cap.
He wrote: the only question is does this funding mechanism comply w/the Appropriations Clause. We hold it does.
Six others agreed.
#CFPB
https://lawandcrime.com/supreme-court/blatantly-attempts-to-circumvent-the-constitution-justices-thomas-and-alito-clash-over-agency-created-during-obama-years-after-2008-financial-crisis/