In the letters Reps. Spencer Bachus and Judy Biggert sent to the Treasury and the Federal Reserve, the GOP lawmakers challenge the legality of Elizabeth Warren’s authority to set up the new Consumer Financial Protection Bureau.
By appointing Warren as special adviser in September, the president “undermined” the Constitution, Bachus and Biggert contend, in two nearly identical letters dated Nov. 22. From the letters:
“First, the President’s decision to appoint Professor Elizabeth Warren as a special advisor to the Secretary of the Treasury and as a senior advisor in the White House with lead responsibility for establishing the Bureau, hiring its staff, and setting its agenda — as opposed to nominating the director of the Bureau, as contemplated by the Act — circumvented the advice-and-consent process and undermined one of the key checks and balances in our Constitution. While the Act confers upon the Secretary of the Treasury limited interim authority ‘to perform the functions of the Bureau’ (Section 1066(a)), Professor Warren is now exercising that authority.”
Spencer Bachus and Judy Biggert Letter to Treasury RE Elizabeth Warren
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