[Congressional Record Volume 169, Number 84 (Thursday, May 18, 2023)]
[House]
[Page H2441]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CONSUMER FINANCIAL PROTECTION BUREAU
(Mr. OGLES asked and was given permission to address the House for 1
minute.)
Mr. OGLES. Mr. Speaker, the Consumer Financial Protection Bureau, the
CFPB, was designed by liberals to harass American businesses and has
been compromising American consumers' access to financial services.
The CFPB is unconstitutional, duplicative, and full of bad ideas. For
example, it is currently pursuing a rule that would effectively ban
banks from offering overdraft protection, a benefit utilized by
millions of Americans.
The CFPB is part of a Federal bureaucracy that Republicans have
promised and pledged to do away with.
Today, I am introducing the Mandating the Abolition of a Threat to
Consumer Happiness, the MATCH Act, which will impose a permanent hiring
freeze at the CFPB, prohibit it from establishing any new positions and
transferring employees, and halt any new appointments.
The CFPB is nothing more than Joe Biden's DEI enforcement bureau. It
is an agency that needs to be burned to the ground, and I am providing
the match.
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