WASHINGTON -- House Republicans are ramping up efforts to hamstring the new Consumer Financial Protection Bureau. One key amendment to the GOP's 2011 budget plan seeks to strip federal salaries from President Barack Obama's so-called "czars," effectively removing them from their offices -- as well as Elizabeth Warren, the consumer watchdog tasked with setting up the CFPB -- while another would prevent the bureau from hiring any staff at all.
Rep. John Carter (R-Texas) has authored an amendment that would prevent Warren and 24 other top administration officials from drawing a salary. That would technically render them unable to continue working for the government, although Congress lacks the authority to force executive-branch officials to stop consulting unpaid advisers. A vote on Carter's amendment is expected later Thursday night.
The House GOP budget plan, known as a continuing resolution because Congress failed to pass a formal budget last year, already includes language that would cut the CFPB's current funding nearly in half, to $80 million. An amendment from Rep. Rush Holt (D-N.J.) to restore the CFPB's funding failed on Thursday night by a vote of 163 to 265.
http://www.huffingtonpost.com/2011/02/17/republican-budget-amendment-czars-warren_n_824844.html