Republicans act to curb USA regulation; Democrats poised for fight

Barack Obama

House Republican leaders on Wednesday identified their primary targets in the long-standing effort to roll back President Obama's "job-killing" regulations, vowing swift action to nix two environmental rules. Generally, they can not get the two-thirds majority necessary to overcome a presidential veto, but under GOP President-elect Donald Trump, they'll have a limited window to test his campaign promises to repeal various Obama administration regulations.

The REINS Act will now be sent to the Senate for committee consideration.

"Without question, it was the lack of regulatory controls that facilitated rampant predatory lending, which almost destroyed our nation's economy", Conyers said, referring to the 2007-09 financial crisis and recession. "In fact, it almost caused a global economic meltdown".

The current process allows Congress to weigh in on new rules only after they're in place. On Thursday Republican Senator Ron Johnson introduced an identical companion bill in the Senate.

Both rules were finalized a year ago within the timeline that allows for review under the Congressional Review Act.

The Midnight Rule Relief Act seeks to streamline the process.

Disapproval votes require simple majorities to pass.

According to a press release issued by Issa's office, the bill would amend the Congressional Review Act to enable Congress to "stem a growing trend by Presidents, of both parties, to use their last few months in office to rush in costly, expensive or controversial new regulations".

In his first floor speech of the 115 Congress, McCarthy said GOP House leaders will take a "two-step approach" to federal regulations - first, passing legislation to give Congress more power to repeal, and then repealing rules that are "harmful to the American people, costing us time, money, and, most importantly, jobs". They said Congress should have more say before the regulations are enacted because lawmakers are directly accountable for their votes. We note that Rep. Barbara Comstock, recently reelected on a promise that as the only Republican member from Northern Virginia she would protect the interests of federal workers, considers the measure "misguided and ill informed" - but loyally voted with the majority to implement it.

Related News: