Congress
Financial Services Republicans approve CFPB cuts for GOP megabill
House Financial Services Republicans approved legislation Wednesday that would slash funding for the Consumer Financial Protection Bureau and dissolve the Public Company Accounting Oversight Board into the Securities and Exchange Commission as part of the party-line, GOP megabill that is central to President Donald Trump’s agenda.
The panel voted along party lines, 30-22, to advance its portion of the GOP package, which is expected to include sweeping tax, energy and border policy changes. Financial Services Republicans say their section of the bill will produce more than the $1 billion in savings it was instructed to find.
The measure would slash the amount of funding the CFPB has access to by almost 60 percent. The bureau’s funding, which is derived from the Federal Reserve, would be capped at 5 percent of the central bank’s operating expenses under the proposal — down from the current limit of 12 percent.
The legislation would also dissolve the U.S.’s top audit regulator, the Public Company Accounting Oversight Board, and fold it into the SEC.
Financial Services Chair French Hill (R-Ark.) said at the markup that his committee “will do its part to reduce the deficit and decrease direct spending so that Congress can enact pro-growth tax policies.”
Democrats offered more than three dozen amendments that were shot down by Republicans throughout the nine-hour markup. They also put up procedural hurdles that slowed down the start of the meeting.
Financial Services ranking member Maxine Waters (D-Calif.) said Republicans on the committee were “co-signing” the Trump administration’s “destruction” by “helping Trump and co-president Elon Musk dismantle the agencies responsible for helping bring down costs,” including the CFPB.
Democrats offered an array of amendments aimed at bolstering the CFPB, which has been a longtime GOP target. They also offered provisions aimed at boosting the supply of affordable housing, protecting the independence of the Federal Reserve and targeting the Trump family’s crypto businesses.
“We are here because Donald Trump feels that he and Elon Musk are not rich enough, and we need to $4.5 trillion of tax cuts,” said Rep. Sean Casten (D-Ill.). “They’ve realized politically that they can’t do that by cutting social security and defense, and all that’s left is massive cuts to everything else. And so … the dutiful soldiers are marching forward to cut the things that are subject to the jurisdiction of this committee.”
Republicans shot down every amendment along party lines, often saying they were not germane to the underlying bill. In order for this bill to be able to pass the Senate without Democratic votes through the filibuster-skirting budget reconciliation process, only policies that change spending or revenues can be included.
“The amendments are seeking to make policy changes that we simply cannot address today in this markup for reconciliation,” said Rep. Bill Huizenga (R-Mich.). “Everything that we’re discussing and proposing in this bill has budgetary impacts, not policy impacts, and these budgetary impacts and savings are means to get our country back on track.”
Congress
Republicans hope Mullin will turn the page at DHS from Noem. Democrats aren’t buying it.
Republicans lawmakers are hoping that Sen. Markwayne Mullin will rescue the Department of Homeland Security from tumult they felt under outgoing Secretary Kristi Noem — and looking for assurances of that at his confirmation hearing Wednesday.
While Mullin is widely expected to be confirmed, the hearing will be an opportunity for Republicans to hammer home the need to fund DHS as a partial government shutdown enters its fifth week. It will also be a chance for Democrats to press the Oklahoma Republican on any changes he may push to make with the Trump administration’s sweeping crackdown on unauthorized immigration — an approach that an increasing number of Americans disapprove of.
Sen. John Kennedy (R-La.), whose questions helped accelerate Trump’s ousting of Noem, said he wants Mullin to show his leadership, particularly in contrast to Noem.
“I want to hear what Markwayne’s thoughts are with respect to FEMA. I want to hear what Markwayne’s thoughts are with respect to getting managerial control of the agency,” Kennedy told reporters Tuesday. “I want to hear Markwayne’s thoughts on getting money to those areas of our country that have been struck by disaster.”
Sen. Cynthia Lummis (R-Wyo.) said she’s hoping for better communication between DHS and Congress, explaining that under Noem’s leadership, it was difficult to get answers from DHS.
“In general, you couldn’t get a return phone call from the Department of Homeland Security on anything. And that’s never been the case with any other agency,” Lummis told reporters last week. “So that was a surprising faux pas.”
After President Donald Trump said he would nominate the first-term Oklahoma senator, Republicans hailed the move, with some openly saying a change was needed from Noem’s divisive and controversy-filled tenure atop the department.
Mullin already enjoys the support of some of Noem’s biggest GOP critics — including Sens. Thom Tillis of North Carolina and Lisa Murkowski of Alaska, who both called for Noem’s departure after immigration officers in Minneapolis shot and killed two American citizens in January.
Murkowski told reporters Tuesday that Mullin is “pretty conservative,” but added that Mullin has a good sense of “the temperature of Congress and what can and cannot happen” and “what people back home are saying.”
But despite his straightforward path to confirmation, Mullin is still likely to come under fire Wednesday.
Questions continue to swirl about Mullin’s investments and businesses, as his wealth has ballooned since entering Congress. He also may have to bury bygones with the chair of the Senate Homeland Security Committee, Sen. Rand Paul (R-Ky.). At a recent fundraiser, Mullin called Paul a “snake” for opposing a minibus funding bill.
Democrats are also skeptical that Mullin will pursue any significant policy changes at DHS — in particular changes they’ve demanded to release funding such as banning officers’ use of masks in the field and requiring more training. Only one Democrat, Sen. John Fetterman (D-Penn.), has committed to voting for Mullin, arguing he’d be a major improvement from Noem.
A number of Democrats are pessimistic that Mullin will handle immigration enforcement differently than Noem given the continued influence of White House deputy chief of staff Stephen Miller, who also serves as Trump’s homeland security adviser, over that brief.
“It’s really Stephen Miller that’s calling the shots there,” said Sen. Andy Kim (D-N.J.), who was one of the Democrats who voted to confirm Noem as DHS chief last year but has said he will not vote for Mullin.
“I don’t trust anybody that’s in that role if Stephen Miller’s just going to continue to dictate what happens,” Kim continued.
Mullin, who has never served on committees with direct oversight of DHS, has largely been in lockstep with the White House on immigration enforcement and other national security issues. He has been seen as an important go-between for both chambers of Congress, as well as between Capitol Hill and the White House during policy discussions.
Mullin notably defended ICE agents after the shootings of two American citizens in Minneapolis by immigration officers, saying “these patriots are doing a difficult job.”
White House spokesperson Abigail Jackson said Mullin will continue the Trump administration’s main objectives at DHS, which have included reversing “Biden’s border crisis” and deporting “countless dangerous criminal illegal aliens.”
“Sen. Mullin is perfectly suited to lead the Department of Homeland Security and work closely with President Trump to continue building on his many successes,” Jackson said.
Ahead of Mullin’s hearing, his boosters are making the case that his experience in the business world will make him an effective manager at the sprawling department, which manages everything from disaster relief, to immigration enforcement, airport security, the Coast Guard and the Secret Service.
Sen. Shelley Moore Capito (R-W.Va.), stressed that background, saying Mullin has “led very successful businesses. He’s led athletic teams” and has been a leader already in the Senate GOP caucus.
Paul and Sen. Gary Peters (D-Mich.), the top Democrat on the Senate Homeland Security and Government Affairs Committee, both declined to offer their thoughts on Mullin before the hearing. Peters, however, assured reporters last week the Oklahoma Republican would face “robust” questions.
Among those planning to press Mullin on his views on immigration is Sen. Richard Blumenthal (D-Conn.). Blumenthal, who has been at the forefront of pushing for changes at Immigration and Customs Enforcement and Border Patrol after the deaths of Alex Pretti and Renee Good in Minneapolis, told reporters Tuesday he hadn’t yet gotten assurances in private meetings with Mullin that the Oklahoma Republican will enact changes at the agency.
“It left me with a very clear impression that he has failed to realize how important reform is and how absolutely necessary change is in that agency,” Blumenthal said of his meeting with Mullin.
Mullin has only been in the Senate for three years, and even his allies acknowledged that he has some gaps in his relationships, given his short tenure to date.
Lummis said Mullin will need to do some outreach to Democrats who have not worked with the lawmaker yet, but praised his energy.
“He bounces off the walls, just in terms of his physical energy levels. He talks fast, and he’s very articulate. He’s great on TV,” Lummis said, adding that leading DHS “probably takes someone with a fairly high amount of energy.”
Congress
Comer subpoenas Attorney General Pam Bondi over Epstein files
House Oversight Chair James Comer (R-Ky.) issued a subpoena to Attorney General Pam Bondi on Tuesday, demanding she testify before lawmakers over her handling of the Epstein files.
The move came after five Republicans on the committee joined their Democratic colleagues in supporting Rep. Nancy Mace’s (R-S.C.) motion to call on Bondi to testify earlier this month.
In a letter to Bondi, Comer wrote that “the Committee has questions regarding the Department of Justice’s handling of the investigation into Jeffrey Epstein and his associates” and its compliance with a law passed by Congress last year compelling the DOJ to release the documents.
“As Attorney General, you are directly responsible for overseeing the Department’s collection, review, and determinations regarding the release of files pursuant to the Epstein Files Transparency Act, and the Committee therefore believes that you possess valuable insight into these efforts,” he wrote.
Comer’s committee has subpoenaed former President Bill Clinton and former first lady Hillary Clinton as a part of its ongoing investigation into Epstein, as well as other influential individuals named in the files.
Congress
House members to get classified briefing on expiring spy law
Trump administration officials will hold a classified briefing for House members Wednesday on the upcoming spy powers expiration, according to two people granted anonymity to announce the plans ahead of an announcement.
Speaker Mike Johnson is pushing to hold a vote on an 18-month reauthorization of the surveillance authorities known as Section 702 next week, ahead of the April 20 expiration, but he’s facing down a potential rebellion from GOP hard-liners rebellion who want changes made to the spy law and to attach an unrelated elections bill.
House GOP leaders are arguing that the national security implications of the reauthorization are more important than ever given President Donald Trump’s decision to strike Iran and the threats posed by the widening war in the Middle East.
The briefing is set for 3:30 p.m. Wednesday.
The 18-month extension is likely to come direct to the floor next week without action first in the House Intelligence Committee, according to two people with direct knowledge of the matter and a brief interview with panel Chair Rick Crawford (R-Ark).
“I don’t think we’ll mark it up,” Crawford said — a decision that could further exacerbate the internal tensions between party leaders and the hard-right lawmakers who oppose a clean extension.
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