Washington, D.C. – Majority Whip Kevin McCarthy (CA-23) released the following statement on passage of H.R. 5016, the Financial Services and General Government Appropriations Act, 2015:
“Today’s Financial Services appropriations bill will curb IRS abuse by defunding parts of the agency and limiting its ability to target individuals and groups for exercising their First Amendment rights. We will cut IRS funding by $1.48 billion from last year’s levels and demand that funds can’t be used to destroy records or finalize new regulations to target 501(c)(4) organizations.
“The bill also reins in other unaccountable executive agencies. Currently, the Consumer Financial Protection Bureau (CFPB) is not subject to the congressional appropriations process, does not disclose employee salaries, and is exempt from oversight by the legislative branch. After the great recession several years ago, the American people asked for a more efficient and accountable government. Today’s appropriations bill will move the CFPB’s funding source under Congressional appropriations authority so that it no longer skirts important oversight functions of the legislative branch.
“Government must work efficiently, effectively, and transparently. To do all that, it must be held accountable so that abuses like IRS targeting never happen again. I would like to thank Appropriations Committee Chairman Hal Rogers (KY-5) and Subcommittee Chairman Ander Crenshaw (FL-4) for their invaluable work in ensuring that government works for the people and not the other way around.”