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U.S. PIRG Consumer Blog
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October 28, 2009
House Energy and Commerce to consider consumer agency tomorrow
Energy and Commerce Committee Chairman Henry Waxman (D-CA) has announced a markup vote on the Consumer Financial Protection Agency for Thursday at 10 am. The committee has not released a base text or proposed amendments yet. E&C has the right to consider FTC-related matters and matters related to governance of the new agency. Industry opponents are seeking members to offer amendments to weaken both the CFPA and FTC's authority to conduct rulemakings and -- of course -- to preempt stronger state laws.
Posted by Ed Mierzwinski at October 28, 2009 06:27 AM
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