"We think it's likely his recess appointment is going to meet the same fate," said Sam Kazman, general counsel of the Competitive Enterprise Institute, a conservative think tank challenging the appointment. "I think there's a good argument to be made, though by no means is it a slam dunk, that it may well invalidate some of the CFPB's actions during the time he's been there."
Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024