GOP House Blocks Bid To Name Elizabeth Warren Head Of The Consumer Financial Protection Bureau

[SecularMotion]

Source: Huffington Post

WASHINGTON -- Republicans don’t even want public advocate Elizabeth Warren to head a watered-down Consumer Financial Protection Bureau.

At least that’s what Democrats tried to show Wednesday with a number of amendments to three Financial Services bills that aim to alter the nascent CFPB. The Democratic measures were all nixed by the GOP.

One amendment would have required Congress to name Warren the head of the bureau once she finishes the job of creating it and getting it running by July. The provision, offered by CFPB proponent Rep. Carolyn Maloney (D-N.Y.), was designed to put Republicans, who have vehemently opposed Warren in the past, on the spot.

"This debate is clearly about Elizabeth Warren, so let's make it about her," said Maloney, the top Democrat on the Financial Institutions and Consumer Credit Subcommittee.

Read more: http://www.huffingtonpost.com/2011/05/04/gop-blocks-elizabeth-warren-cfpb_n_857780.html

[tridim]

1. Because she's so effective.

Fuck you GOP house fascists. All of you.

You're going to lose it all next year, I'll do everything I can to make sure of it.

[SpiralHawk]

2. Recess appointment?

Why are Republicons opposed to everything that real American men and women need and want, and instead always sucking up to the Billionaires?

[KaryninMiami]

3. Anyone surprised? Really? This is who they are.

Oversight? Giving a shit about consumers? Caring about working Americans? Not so much.

[JackRiddler]

4. The president nominates. The Senate approves. What does the House have to do with it?

Can someone explain this to me -- why the House suddenly has any say in the appointment of presidential nominees for office in agencies. Isn't this entirely up to the president to appoint Warren and the Senate to approve her, as with any (sub)cabinet official? Or is it different with the Fed? I know that the Fed Chairman for example goes to a Senate approval vote. Would anything be different about the CFPB, which is a sub-agency of the Fed?

[Mrs. Ted Nancy]

8. The repubs want to turn the CFPB into a commission

The amendment, which said the top job had to be filled by the person "credited with coming up with the idea" for the CFPB, failed on a party-line vote.

It was offered to a bill that would, among other things, turn the bureau into a commission with five members leading it. Subcommittee Chairwoman Shelley Moore Capito (R-W.Va.) argued that a commission offers greater stability in the leadership than a single boss.

"If they’re going to make it a commission, at least put someone in the chair’s seat who has been the vision behind it and can make it work," Maloney told The Huffington Post after the heated hearing.

The bill is H.R. 1121

http://www.huffingtonpost.com/2011/05/04/gop-blocks-elizabeth-warren-cfpb_n_857780.html

http://financialservices.house.gov/media/pdf/hr1121ai.pdf

[Kingofalldems]

5. The GOP---Of by and for Big Business interests

All the other stuff they profess to believe in is just to get votes.

[Zenlitened]

6. Don't sweat it. I have it on good authority that Warren will win the day...

... if only we can remain passive and politically naive long enough.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x443611

[fredamae]

7. Can anyone help me find the bill numbers?

[Mrs. Ted Nancy]

9. H.R. 1121 (nm)

[fredamae]

11. Thank you! :) Phones begin to ring in DC :)

[fredamae]

12. Thank you! :) Phones begin to ring in DC :)

[SecularMotion]

10. Markup of H.R. 1121

Markup of H.R. 1121, the Responsible Consumer Financial Protection Regulations Act of 2011; H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011; and H.R. _____, To postpone the date for the transfer of functions to the Bureau of Consumer Financial Protection if the Bureau does not yet have a Director in place.

http://financialservices.house.gov/Hearings/hearingDetails.aspx?NewsID=1866

H.R. 1121, the Responsible Consumer Financial Protection Regulations Act of 2011

http://financialservices.house.gov/media/pdf/hr1121ai.pdf

H.R. 1667, the Bureau of Consumer Financial Protection Transfer Clarification Act

http://financialservices.house.gov/media/pdf/hr1667ai.pdf

H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011

http://financialservices.house.gov/media/pdf/hr1315ai.pdf

[fredamae]

13. Wow! Thank you Very much! Getting on the ph:)

[fredamae]

14. Comments on this issue need to go to

the Senate Minority Banking Cmte.
Toll Free Numbers to DC
Senate 1-888-245-0215
House 1-866-338-1015
Just ask for the person and /or Cmte and they will transfer!

[JDPriestly]

15. The appointment of Warren was one of the best things that Obama did.

[SecularMotion]

16. GOP senators vow to block any nominee for consumer bureau

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