Craig Caplan
Craig Caplan|Jun 27, 2025 04:28
Senate parliamentarian ruled in favor of Banking Cmte's revised CFPB & Federal Reserve provisions in its reconciliation text after finding initial proposals in violation of Byrd Rule including zeroing out CFPB. Chair Scott (R-SC): "The cmte’s language decreases the CFBP’s funding cap (at 6.5% of Fed's operating budget, down from current limit of 12%) w/o affecting the statutory functions of the Bureau. Says it would save 2B.
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