Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Sherrod and Maxine file Amicus Brief in CFPB case today (along with 142 other US Senators and House and former House members including MELVIN WATT, ELIZABETH WARREN, RO KHANNA, AND MARK WARNER):

https://www.cnbc.com/2023/05/15/supreme-court-cfpb-case-democrats-file-amicus-brief.html

TABLE OF CONTENTS
INTEREST OF AMICI CURIAE................................. 1
INTRODUCTION AND SUMMARY OF
ARGUMENT ................................................................ 1
ARGUMENT ................................................................ 5
I. Congress Has Broad Authority To Shape
Appropriations To Best Fit The Program Or
Problem At Hand. ........................................................ 5
A. The Constitution Gives Congress Near-
Plenary Authority over Appropriations. ......... 5
B. Historic and Contemporary Practice
Confirms Congress’s Authority to Flexibly
Structure Appropriations. ............................... 9
1. The current appropriations process is a
relatively recent legislative choice. ............ 9
2. From the Early Republic to today,
Congress has often structured
appropriations in a wide variety of
ways beyond annual appropriations
acts. ............................................................ 14
II. Exercising Its Constitutional Flexibility,
Congress Chose To Fund The CFPB With A
Steady But Capped Appropriation To Avoid The
Regulatory Failings That Contributed To The
2008 Financial Crisis. ............................................... 18
III. Congress Exercises Robust Continued
Oversight Over The CFPB And Its Budget. ............. 21
CONCLUSION .......................................................... 29
APPENDIX ................................................................ 1a