“A new day is coming,” Tom Emmer, the top Republican on the House finance panel’s oversight and investigations subcommittee, said in an interview, adding the two agencies are not being held accountable by Democrats. “Once we have the power to subpoena, once they have to listen to us, aggressive congressional oversight will only strengthen our system of government.”
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CFPB Director Rohit Chopra and SEC Chair Gary Gensler are top targets due to their ambitious agendas and tough enforcement stances, which have sparked pushback from industry groups. The groups have urged Republicans to rein in the agencies and are identifying issues they believe lawmakers should probe.
Source: U.S. Republicans prepare consumer watchdog, SEC probes as mid-term elections loom | Reuters
