Republicans take first steps to kill five Obama-era regulations

Source: Reuters

"House Republicans on Monday began the process of killing five Obama-era rules on corruption, the environment, labor and guns under the first real test of the Congressional Review Act, a law intended to keep regulation in check. Republicans put as much urgency on limiting what they consider over-regulation that stifles economic growth as they do on overhauling the tax code and dismantling the Affordable Care Act, according to House Majority Leader Kevin McCarthy. This is the first time the Republican-led House of Representatives has targeted specific rules since convening on Jan. 3. Earlier this month it passed bills to limit regulatory agencies and Republican President Donald Trump is cutting regulation through executive orders. Under the law, Congress can use simple majority votes to stop recent regulations in their tracks. Timing in the law means any rules enacted after May 31 are eligible for axing." (01/30/17)

http://www.reuters.com/article/us-usa-congress-regulation-idUSKBN15E2HM