Boyle Statement on Supreme Court Oral Arguments in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited
WASHINGTON, DC — Today, the Supreme Court heard oral arguments in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. The case, which challenges the constitutionality of the funding structure for the Consumer Financial Protection Bureau (CFPB), could have broader implications for countless other programs, including Social Security, Medicare, and Medicaid. Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, released the following statement:
"The case before the Court today has the power to upend Congress' appropriations authority and wreak havoc on the U.S. economy," said Ranking Member Boyle. "If the Republican plaintiffs are successful, American families could lose vital protections that have returned $17.5 billion to consumers. Even worse, the plaintiffs' extreme views could mean almost two-thirds of all federal spending is unconstitutional — including Medicare, Medicaid, and Social Security. If this case succeeds, MAGA extremists could shut down the government, blocking Social Security checks and threatening the Medicare benefits that Americans have earned."
"The plaintiffs' case — argued by a former Trump administration lawyer — is the latest Republican attempt to destroy Social Security and Medicare as we know it. Even as extreme MAGA Republicans continue trying to dismantle these popular programs in Congress, they've turned to the Supreme Court to rob the American people of their earned benefits. For the sake of our nation's economy and every worker who has earned the right to retire with dignity, the Court must reject the laughable and dangerous legal theory being presented here."
In May, Ranking Member Boyle signed an amicus brief defending CFPB's funding structure and the agency's important regulatory authority to protect consumers. For more information about the amicus brief, click here.
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