#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/
Gina Intheburg 🇺🇦 🌻 🥥🌴 /
npub1h8…vadx5
2024-05-16 22:45:12
Author Public Key
npub1h8xaxefz2ykjdrk7hwx847m2g2eqqp0n6yghfk2fafw2gre095hs0vadx5Seen on
wss://relay.nostr.bandPublished at
2024-05-16 22:45:12Event JSON
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