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  • Richard Shelby

    Flashback: Senator Outlines Objections to 'Unaccountable' Consumer Czar

    Last fall Sen. Richard Shelby (R-AL) visited Heritage to talk about the Consumer Financial Protection Bureau and the “unaccountable” nominee to head the agency. At the time, there was speculation President Obama would attempt to bypass the U.S. Senate to install Richard Cordray as CFPB director. That’s exactly what happened … More

    VIDEO: Senator Says Confirming Consumer Czar Would Be 'Devastating'

    Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. … More

    Look Before You Regulate: Measuring the Costs of Financial Rules

    You would think that any regulation that could affect a major part of the economy and cost industry and/or consumers millions of dollars to comply with would be based on rigorous and consistent economic analysis. After all, how else would regulators know the actual effect of their proposals and whether … More

    Obamacare: Forgotten But Not Gone?

    Has Congress forgotten Obamacare?  All the promises to repeal it mostly faded into the background months ago, even as the health law disrupts our economy. Fortunately, at least one lawmaker is still trying to undo that disruption.  Senator Richard Shelby (R-AL) is forcing the Senate to confront the issue.  He’s … More

    Morning Bell: Do You Trust Congress to Run the Auto Industry?

    Both the House and the Senate are set to gavel back into session this week, and both chambers’ first order of business will be a proposed bailout for Detroit’s Big Three: General Motors, Ford and Chrysler. Rep. Barney Frank (D-MA) and Sen. Carl Levin (D-MI) will introduce legislation to carve … More