More than a dozen Republican senators are backing a bill to give Congress greater control and oversight of the Consumer Financial Protection Bureau (CFPB).
Sen. David Perdue (R-Ga.) will introduce a bill Wednesday to let Congress control the CFPB’s budget, his office told The Hill on Wednesday.
Called the Consumer Financial Protection Bureau Accountability Act of 2017, the bill would place the CFPB under the congressional appropriations process, letting lawmakers control its budget. That would give Congress the ability to drastically limit the scope and size of the bureau, regardless of who controls it.
Though the article doesn't say so, it sounds like this bill can be enacted through the reconciliation process, meaning that it cannot be blocked by a filibuster. If the Republicans can keep no more than two of their senators from opposing it, they can pass it over united Democratic opposition.