Regulatory Transactions

From: TheBlaze

Here’s Why a New Obama Regulation Could Mean Trouble for Dave Ramsey and Suze Orman

Fred Lucas

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The rule is currently under review by the White House Office of Management and Budget and could take effect as early as next month. President Barack Obama first proposed the rule in April 2015.

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However, the proposed rule doesn’t just require disclosure of third-party payers but also expands the definition of a fiduciary, while also getting involved in an area previously reserved for the Securities and Exchange Commission.

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From: Times Record

By Justin Bates

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Shown Here:
Introduced in Senate (12/08/2014)   Senator Mike Lee    S. 2988

Regulatory Cost Assessment Act of 2014 – Amends the Congressional Budget Act of 1974 to establish and enforce a federal regulatory budget.

Requires the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) to submit jointly to the President and Congress an analysis of the cost and economic effects of federal regulations, including recommendations for improvements to the regulatory budgeting process.

Requires CBO to submit: (1) a baseline projecting the federal regulatory cost over at least five fiscal years, (2) analysis of the regulatory cost of legislation reported by congressional committees, and (3) look-back reviews comparing CBO estimates with actual costs.

12/18/2019  American Action Forum—The Outlook for Regulatory Reform

12/04/2019  Brookings—The limits of thinking of a regulatory budget like a fiscal budget

11/12/2019  American Action Forum—A Busy, Costly Week

05/10/2019  Competitive Enterprise Institute—VIDEO: Report Card on Regulatory Reform

04/19/2019  American Action Forum—Checking in on Regulatory Budgets

04/19/2019  American Action Forum—White House war on regulations poised to pass goal ‘more than 31 times’

04/18/2019  American Action Forum—A Mid-Fiscal Year Review and Projection of the Regulatory Budget

03/20/219  Laura Jones and Patrick McLaughlin in The Globe & Mail—We must shine the spotlight on regulation

From: Williams & Jensen

By Shane Doucet and Michael Kans

As part of the Obama Administration’s initiative to advance equal pay policies, on January 29, 2016, the Equal Employment Opportunity Commission (“EEOC”) released a proposal that would expand the information many private entities must report to the EEOC. Specifically, the proposed revision would require all employers with 100 or more employees (both private industry and federal contractors) to collect and report data on pay and hours-worked. . . .

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From: ThinkAdvisor

On one-year anniversary of Obama endorsement of the proposal, ICI sends letter to the OMB about DOL’s justification for the rule

By Melanie Waddell, Washington Bureau Chief, Investment Advisor Magazine

Letters of opposition continue flowing into the Office of Management Budget as it reviews the Department of Labor’s rule to change the definition of fiduciary on retirement advice.

The Investment Company Institute on Monday told OMB’s Office of Information and Regulatory Affairs (OIRA) that DOL’s rule must include “significant new data” in its regulatory impact analysis to support DOL’s “massive overhaul of the retirement marketplace” and said there were three major factual holes in the DOL’s proposal.

From: Feedstuffs

The regulatory rule-making for the removal of country-of-origin labeling (COOL) requirements for beef and pork muscle cuts, ground beef and ground pork has been logged for review at the Office of Management & Budget (OMB).

In December, Congress approved a fiscal 2016 catch-all federal spending bill that included repeal of the meat labeling provision of the COOL law in order to avoid trade retaliation from Canada and Mexico. OMB must review all regulations before they are implemented.

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From: Inside EPA

The White House Office of Management & Budget (OMB) is reviewing EPA’s draft formal response to Government Accountability Office (GAO) criticisms that the agency violated legal restrictions on use of appropriations in how it promoted its Clean Water Act (CWA) jurisdiction rule, says EPA Administrator Gina McCarthy.

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The controversy concerning the integrity of industry sponsored science has been going on for years.  However what continues to be absent from the debate is the Data [Information] Quality Act which was passed some fifteen years ago with the intent of breaking this impasse.

More specifically the Act sets standards for all scientific data disseminated by any federal agency. In addition it sets standards for all data submitted to a federal agency by an outside party.

Why then has not this tie breaker entered in to the industry sponsored science debate? It is most certainly not because it is not needed.

From: Congressional Review Service | CRS Insight

Christopher M. Davis, Richard S. Beth

With a change in the occupancy of the White House taking place in 2017, some in Congress are paying renewed attention to a parliamentary mechanism that might enable a new Congress and new President to overturn agency final rules of the Obama Administration issued after mid-May 2016.