Congress Has Started Undoing Obama Era Regulations

Congress Has Started Undoing Obama Era Regulations

Congress Has Started Undoing Obama Era Regulations

Republican lawmakers will begin voiding hundreds of US regulations at the end of the month to fulfill their promise to undo Democratic President Barack Hussein Obama’s legacy, focusing on environmental and labor rules.

House Majority Leader Kevin McCarthy (R-CA) said the Republicans who will shortly control both Congress and the White House for the 1st time in 10 years have made reforming federal regulation a Top priority alongside repealing Barack Obamacare aka ACA, and rewriting the federal Tax Code.

Republicans will radically reform the vast federal bureaucracy, where they say appointed officials create costly, burdensome Red Tape that stifles economic growth.

Once Republican President Elect Donald Trump is inaugurated on January 20th, they will have a like-minded ally in the Oval Office to sign the measures into law.

On the list are dozens of “new rules” that the outgoing Obama Administration has finalized since the end of May on energy, the environment, transportation, banking, finance, education and media ownership.

Republicans will ax them using the Congressional Review Act, which allows Congress to void a single regulation for a brief window of time after it is issued.

Congress will begin a 2-week marathon of voting to disapprove them on 30 January, according to Mr. McCarthy, who House aides say will lead the process. Disapproval resolutions can pass on simple majorities, giving Senate Democrats no power to block votes with filibusters.

Mr. McCarthy told the Hoover Institution that 2 of the 1st votes will be on new environmental regulations. Republicans will seek to kill a contentious rule intended to protect streams and forests from the impact of coal mining and a regulation curbing methane leaks on public lands.

The Congress will take aim at new requirements for employers to report their workers’ gender, race and ethnicity that are intended to help root out pay discrimination.

Last Wednesday, the House approved a massive bill for creating accountability in rule making. The next day, it passed legislation largely along party lines requiring financial regulators to tally the costs of their rules.

Democrats have vowed to block any reform bills, saying the many extra procedures they require will stall agencies’ work, making it impossible to create needed regulations and properly oversee special interests.

Have a terrific weekend.

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH