October 19, 2022
U.S. Senator Ben Sasse, a member of the Senate Judiciary and Finance Committees, issued the following statement after the Fifth Circuit Court of Appeals ruled the Consumer Financial Protection Bureau's funding mechanism unconstitutional.
“This is a win for the basic proposition that laws ought to be written by people who can be hired and fired on Election Day. This decision is simple: The CFPB’s funding structure created a fourth branch of government that’s not accountable to Congress. That’s just not how self-government works. This straightforward decision is a win for the rule of law.”