House Financial Services Approps asserts Article One prerogatives

June 20, 2016, Fairfax, Va.–Americans for Limited Government President Rick Manning today issued the following statement urging passage of the House Financial Services Appropriations Bill:

“The House Financial Services bill is an Article I bill. It will defund the Consumer Financial Protection Bureau from getting printing press money from the Fed. It will end the individual mandate under Obamacare, defend churches against IRS abuses. It will defund certain Treasury regulations regarding investments in overseas coal-fired plants. It will prohibit the Financial Stability Board from taking over and bailing out financial institutions under Dodd-Frank. It cuts off any funding for the Cuban military and intelligence. It defunds Net Neutrality. And it even comes in $1.5 billion under the previous year’s appropriations level.

“This is exactly what taxpayers expect from a Republican Congress, reining in abuses by the Obama Administration and curtailing the use of state power against the American people. Using the Congressional power of the purse to limit the executive branch is exactly what the Framers intended when they implemented the separation of powers.

“The Financial Services appropriations subcommittee led by Chairman Ander Crenshaw should be very proud of their work shown by their determination to not allow President Obama’s abuses of power to remain unchecked.  Americans for Limited Government strongly urges the passage of this legislation through the Rules Committee, the House of Representatives and Congress as a whole.

“The legislation should be strengthened even further by inclusion of an amendment by U.S. Rep. John Katko that prevents the IRS from violating the privacy rights of taxpayers by stopping the agency from hiring outside counsel to lead investigations.”

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