3 ms·
In the case of the CFPB, I believe Congress delegated to them the authority/responsibility to request funds directly from the Federal Reserve. https://www.cons
by tonyztan 9y ago
In the case of the CFPB, I believe Congress delegated to them the authority/responsibility to request funds directly from the Federal Reserve.
https://www.consumerfinance.gov/about-us/budget-strategy/funds-transfer-requests/ https://www.consumerfinance.gov/about-us/budget-strategy/fun...
- IncRnd 9y agoYes. Congress constantly pulls this rigamarole, even back in the 1974 Congressional Budget Act. That's actually why I wrote, "There is no constitutional duty to request funds". I didn't mean to imply anything else. These requirements on the President are just a shell game from Congress to blame the President, avoid passing a budget, and pretend to be the "white-knights" each time there is a continuing resolution battle. It is interesting to note that the CFPB passed in July 2010. Yet, 2015 was the first budget passed since 2009. I think it's safe to say that Congress has purposely engineered this situation to get the self-serving results they want.