Rao Testifies on Constitutionality of Dodd-Frank

On July 23, 2015, Professor Neomi Rao was a witness at a hearing of the U.S. Senate Committee on the Judiciary, Subcommittee on The Constitution. The hearing was entitled “The Administrative State v. The Constitution: Dodd-Frank at Five Years.”

Testifying on the constitutionality of Dodd-Frank, Rao focused on the Consumer Financial Protection Bureau. “The super independence of this Bureau demonstrates many of the problems of administration without meaningful presidential control or congressional oversight,” Rao said. “Moreover, it provides an especially stark example of the types of abuse that can result from overbroad delegations of authority to agencies. These concerns with the Bureau existed at enactment, but the passage of time has demonstrated how the constitutional infirmities encourage actions by the Bureau that exceed its legal authority and undermine the predictability and stability of the rule of law.”

View the hearing and read the full testimony