Feeding Obama’s legacy to the shredder. This is for what we’ve been waiting and hoping. The complete list can be found here.
Via Breitbart:
The House Freedom Caucus released a report Wednesday: “The First 100 Days: Rules, Regulations and Executive Orders to Examine, Revoke and Issue,” with more than 200 federal rules and regulations that President-elect Donald J. Trump could wipe off the books as soon as he takes office Jan. 20.
“These last eight years, we have seen a disturbing trend of the federal government unnecessarily inserting themselves more and more into the lives of hardworking Americans – and the results have been economically disastrous,” said Rep. Mark R. Meadows (R.-N.C.), who is slated to take over the leadership of the House Freedom Caucus in the next session of Congress.
One of the 232 rules and regulations the caucus targets is the National Organic Standards Board, a program that costs the organic food industry $256 million, with a board that meets twice-a-year, as it did in November at the historic Chase Park Plaza Hotel in St. Louis, Missouri.
Two rules the Securities and Exchange Commission issued in July would save business a tremendous amount of money. Eliminating the “Rules for Security Swap Dealers” would save businesses $210 million, and getting rid of the SEC’s rules for “Business Continuity Plans” would lift a burden of $1.4 billion.
Some of the rules and regulations could be done with the stroke of the pen, such as rules published in August for the National Environmental Policy Act, which the president could simply rescind. The same is true for closing the Export-Import Bank, which was created by President Franklin D. Roosevelt by Executive Order 6581. According to the report, the Congressional Budget Office pegs losses from the bank at $2 billion.
Regulations associated with “Greenhouse Gas Emissions and Fuel Effciency Standards for Medium- and Heavy-Duty Engines and Vehicles-Phase 2” cost the economy $11 billion, the report said.