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ISSUE

Assault on Regulations

Published:2017-Jan-18
Last Updated:2017-Jun-20
Principal Writer:Barry Shatzman

Issue Sections

Understanding The Issue
Issue Status
Analysis and Perspectives
What You Can Do
The Rumor Mill

Reported News

Consumer Issues: Company Practices
Corporate Behavior
Environment: Policy
Government
The Ways of Congress

Related Bills

ALERT Act

2017 (HR-75)

Regulatory Accountability Act

2017 (HR-5)

REINS Act

2017 (HR-26)

Midnight Rules Relief Act

2017 (HR-21)

Financial CHOICE Act

2017 (HR-10)

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2017 Congressional Republicans begin assault early

Almost immediately after being sworn in, the new House of Representatives proposed four bills that would allow old regulations to be nullified and cripple agencies' abilities to enact new rules...

o The REINS Act would require explicit Congressional approval for any new rule, and allow Congress to nullify any rule issued in the previous 10 years.

o The Midnight Rules Relief Act would allow multiple regulations to nullified in one action.

o The Regulatory Accountability Act would make the regulation process cost more and take more time. The resulting laws likely would be less effective.

o The ALERT Act would delay the implementation of any new major regulation by six months.

As of Jan. 24, 2017, three of the bills have passed the house. They have yet to be acted on by the Senate.

As these bills are generally supported by Republicans - who have a majority in the Senate. However, they currently are being filibustered by Senate Democrats, and cannot pass without support by several Democrats.

Financial CHOICE bill is another attempt being filbustered

On June 8, the House passed the Financial CHOICE Act. It currently is up for consideration in the Senate. However, Senate Democrats plan to keep it on hold with a filibuster.


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