These excerpts are from a 2011 debate in the U. S. Congress concerning financial reform. One of the provisions of [a proposed bill] that will hinder economic growth and the creation of new jobs is the massive new bureaucracy called the Consumer Financial Protection Bureau, or CFPB. Everyone supports consumer protection, but the CFPB was given virtually unlimited power to dictate the types, terms and prices of financial products and services that consumers and small businesses can obtain from their bank or other credit

provider. . . . The burden of this credit rationing will fall most heavily on lower-income and middle class families, as well as the small businesses that create about 80 percent of all new jobs. Rather than being protected, consumers are likely to be denied the products they want and need.

—U. S. House Committee on Financial Services report, 2011

We have all seen the consequences of a regulatory system in which no single regulator has the authority and the comprehensive tools necessary to ensure that the consumer financial markets work for American families. For years, we have seen the growth of fine print that hides important and complex terms, fine print that makes it almost impossible for consumers to know what they are really getting into when they sign on the dotted line. . . . As a country, we are all paying the price for a consumer credit system that was broken.

—Elizabeth Warren, U. S. Treasury Department, 2011

Which basic assumption behind the committee report is not a basic assumption behind Warren’s statement?

A. Concentrated authority is a threat to freedom.
B. Economies depend on borrowed money.
C. Conflicting authority causes uncertainty.
D. Government oversight is unnecessary.