Republican House leaders and Financial Services Committee members argue that Consumer Financial Protection Bureau's structure violates Constitution's separation of powers
Clients Amicus group for Seila v. CFPB
Jones Day is representing House Minority Leader Kevin McCarthy, Minority Whip Steve Scalise, and twenty-five Republican members of the House Financial Services Committee as amici in a U.S. Supreme Court challenge to the constitutionality of the Consumer Financial Protection Bureau (CFPB). The Representatives argue that the restriction on the President's ability to remove the CFPB director at will violates the Constitution's separation of powers. They also contend that the removal restriction is not severable from other provisions of the Dodd-Frank Act, so if the Supreme Court strikes down the removal restriction as unconstitutional, the Court should allow Congress to decide whether to reenact those same powers under the President's control.
Seila Law LLC v. Consumer Financial Protection Bureau, No. 19-7 (U.S.)