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Alias Born | 12/16/2020 |
Thursday, December 15, 2022 11:30:36 PM
The result in Seila has basically taken the CFPB out of the separation of powers (for-cause single Director) frying pan, and INTO the Non-Delegation Fire.
Here is my thought process in Seila Law and Dodd-Frank. Having the president direct up to 12 percent of Federal Reserve funds, as Title X of Dodd-Frank now does, causes the same kind of constitutional harm as a limit of 50% or 100%. By passing a law leaving it up to federal agencies how much money to spend, Congress unlawfully divests its core legislative appropriations power. After Seila, POTUS could also unilaterally instead spend $1.00
and use the broad delegation of power to defund CFPB. So after Seila, Dodd-Frank delegates to POTUS all the power of the purse. That cannot be correct.
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