The Department of Labor recently finalized its controversial overtime rule, which raises the salary level requirements of employees eligible for overtime from $23,660 to $47,476. More people getting paid for overtime work? Sounds great, but such a momentous federal intervention in our information economy has unintended consequences—harmful consequences that will fall directly on the people that this rule claims to help.

The branch closest to the people has rejected Obamacare for financial planning.

Did you catch Speaker Ryan’s major announcement yesterday? It’s true.

WASHINGTON—House Speaker Paul Ryan (R-WI) issued the following statement after the House passed H.R. 2666, the No Rate Regulation of Broadband Internet Access Act:

“There is no authority or need for the federal government to regulate the Internet. Today, Congress took action to ensure that the Internet remains a free market. This initiative blocks unelected bureaucrats in Washington from dictating how people use the Internet. I applaud Rep. Kinzinger for his leadership on this legislation that protects Americans’ Internet freedom.” 

HouseOfIdeas-EmailBanner.jpgBefore you settle in for all the twists and turns of your annual 10-hour House of Cards binge, here’s what the real U.S. Congress is up to in 2016.

“The brick industry is the latest target of the Obama administration’s regulatory assault on American manufacturing."

In advance of their first idea forum today, the chairs of the Task Force on Reducing Regulatory Burdens released their mission statement.

fi·du·ci·a·ry rule [fi-doo-shee-er-ee rool], noun (2016)
: regulation, Department of Labor.

Earlier this week, we explained how the latest Obama administration regulation, the Department of Labor’s (DOL) fiduciary rule, could hurt hardworking Americans trying to save for their retirement.

Now, it seems that harm to the financial planning industry and the Americans they serve could have been avoided—had the Obama administration listened to its own experts.

This important legislation would roll back the FDA’s burdensome menu labeling rule, giving American restaurants, grocery and convenient stores the flexibility they need to be successful.