The House passed a measure Tuesday to dramatically restrict the governments ability to enact any significant new regulations or safety standards, potentially hamstringing the efforts of every federal agency, from financial regulators to safety watchdogs. The measure, called the Regulatory Accountability Act, has been passed by the House before, but stood no chance in the Senate when it was controlled by Democrats. With the GOP in the majority, it is at least likely to get a vote in the upper chamber. The White House has threatened to veto it. ... This is using that arcane process to basically undermine the entire regulatory system of the United States, said Ronald White, director of regulatory policy at the Center for Effective Government, which opposes the bill. ... In response to the House passage, Wake Forest University law professor and Center for Progressive Reform scholar Sid Shapiro released a statement that said the rule-making process would be delayed by 10 years or more under the bill. House Republicans voted today to delay clean air, clean water, safer workplaces, and less toxic products for their constituents, he said. In addition, they have given Wall Street a green light to re-engage in behavior risky enough to collect enormous profits while taxpayers are left footing the bill for the inevitable devastating consequences.
Posted on: Wed, 14 Jan 2015 05:35:59 +0000
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