Commentary: Agency Accountablity Act Would Reclaim Constitutional Authority Congress Ceded to Consumer Financial Protection Bureau and Other Regulators

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Congress’ power of the purse is one of its bedrock responsibilities listed in Article 1 of the Constitution. The Supreme Court has reaffirmed this power on several occasions, including in a 1976 case when the Court declared, “The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that…

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