Professor Harold Krent Breaks Down SCOTUS Case That Could Decide Fate of Consumer Financial Protection Bureau
“Under the 2010 law that created the agency, Congress gave it an open-ended funding mechanism which would actually be drawn from another agency, the Fed,” said Harold Krent, professor at the Chicago-Kent College of Law. “So the argument was (that) this is somewhat of an unusual appropriations decision ... and both sides had a hard time finding some kind of line to draw to distinguish permissible congressional appropriations from impermissible ones.”