The regulations created by the Obama administration have been a major impediment to economic growth over the last decade. Since President Trump took office, the Trump administration, the House, and the Senate have made lifting harmful regulations a top priority.
Together, Congress enacted 15 pieces of Congressional Review Act legislation that repealed harmful regulations which were rushed through at the last minute of the Obama administration. The Trump administration also issued executive orders that undid many of President Obama’s major job-crushing regulations, including repealing the Clean Power Plan that stifled America’s coal industry.
But we are not resting on our laurels. Today, the House will consider the Comprehensive Regulatory Review Act. This legislation would bring regulatory relief to small community banks, which suffered greatly under the Obama administration following the enactment of Dodd-Frank. Last year, the House passed the Financial CHOICE Act, important legislation that would rein in Dodd-Frank and deliver relief to Main Street.
Today’s legislation takes steps to address duplicative, burdensome regulations like Dodd-Frank by ensuring that all federal agencies, including the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA), undergo comprehensive regulatory reviews.
That’s not all. Later this week, the House will consider the Satisfying Energy Needs and Saving the Environment (SENSE) Act, which would modify EPA regulations so that important, environmentally-friendly refuse-to-energy facilities can continue to generate affordable energy.
Finally, the House will take steps to protect America’s brick making industry from an EPA rule that could eliminate thousands of jobs and is being challenged in federal court. The Blocking Regulatory Interference from Closing Kilns (BRICK) Act, which the House will consider later this week, is another example of how the House is acting to fight back against harmful, Obama-era regulations and protect American jobs.