Refusing to back away from a mountain of late regulations President Obama has issued since the Nov. 8 presidential election, Republican lawmakers on Capitol Hill have already started the legislative process to do away with as many new federal rules as possible once Donald Trump assumes the Oval Office on Friday, Jan. 20.
In his historic rash of regulatory fiats since Nov. 9, 2016, Mr. Obama has issued 145 regulations at a cost of over $21 billion, which amounts to the highest number issued by a lame-duck chief executive in a generation. 31 of the new regulations cost $100 million each.
GOP leaders have stated they intend to fix on overtime, coal, methane and business-loan-debt rules to start.
“While we haven’t yet determined what needs to be repealed first, I expect to start with swift action on at least on the Stream Protection Rule and methane emissions standards, both of which are limits to our energy production,” said House Majority Leader Kevin McCarthy (R-CA).
Signaling their intent to raze Obama’s regulatory inclinations, the House passed the The Regulations from the Executive in Need of Scrutiny Act (REINS) on Thursday, a bill which would require congressional approval for any regulatory effort exceeding $100 million to be approved by Congress. President-elect Trump has vowed to sign the bill.
Similarly, the House also passed the Midnight Rules Relief Act of 2017 Wednesday, a bill sponsored by Rep. Darrell Issa (R-Calif.), which would allow the GOP-controlled Congress to overturn en masse all of Obama’s regulatory mandates.
Describing his enthusiasm for a mass repeal of Mr. Obama’s late-night decrees, Sen. Ron Johnson (R-Wis.), told the Milwaukee Journal Sentinel:
“The United States Senate, at the appropriate time, for as long as we need to take advantage of the Congressional Review Act, we ought to go 24/7.”
According to The Intercept, House Speaker Paul Ryan attended a fundraiser for his campaign committee hours after the Relief Act floor vote at the offices of a Washington lobbying firm which represents many pharmaceutical, healthcare and utility industry companies interested in unwinding new regulations put in place during President Obama’s tenure.
[Roll Call] [PJMedia] [The Hill] [The Intercept] [Photo courtesy AP via Breitbart]