Cornyn Statement Following Cordray Recess Appointment
Statement
Issues: Executive Branch Finance and Banking
U.S. Sen. John Cornyn (R-Texas), a member of the Senate Finance Committee, today issued this statement after the White House confirmed President Obama will recess appoint Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB):
"Today's appointment of another unaccountable czar is an arrogant abuse of Presidential power. Then-Senator Obama has previously called such a recess appointee "damaged goods.'
"So we are left to wonder why the President is unwilling to work with Congress to adopt common-sense improvements in accountability and transparency that would protect small businesses from more job-killing regulations and red tape."
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