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Press Release

Congress Can Reclaim Legislative Powers Through the Regulatory Budget Act

Following the introduction of the Regulatory Budget Act by Sen. Mike Lee (R-Utah) and Rep. Mark Walker (R-N.C.), FreedomWorks Director of Government Relations Neil Siefring commented:

1 day ago
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Blog

Regulations Work Overtime to Hurt Employees, Small Businesses

Last week, the U.S. Department of Labor (DOL) announced revisions to the proposed rules interpreting the Fair Labor Standard Act’s regulations on the overtime compensation pay of white-collar, salaried workers. Currently, salaried employees making more than $23,660 annually are exempt from the DOL requirement that employers pay time-and-a-half for each hour over 40 hours weekly. The final rule, with several key changes to the proposed rule, will extend over-time pay protections to over 40 million American workers.

2 days ago
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Key Vote

Key Vote YES on S.J. Res. 28, to Reduce Government Waste

As one of our over 5.7 million FreedomWorks activists nationwide, I urge you to contact your senators and ask them to vote YES on S.J. Res.28, a resolution that would repeal the U.S. Department of Agriculture’s catfish inspection rule.

2 days ago
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Blog

Obama Reveals Final Regulatory Agenda

President Obama has released the regulatory agenda for the final months of his administration. This plan, known as the Unified Agenda, is an overview of the proposed rules and regulations federal bureaucrats plan to issue before the newly elected administration takes over in January 2017.

6 days ago
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Blog

Dodd-Frank Strikes Again with Wall Street Compensation Rule

Last month's proposed rule on Incentive-Based Pay, the "London-Whale Sized Regulation," is open for comment until July 22. This proposal carries large implications for financial sector operations and also represents a overall trend in Dodd-Frank regulations.

6 days ago
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Blog

CFPB Anti-Arbitration Rule Gives Millions to Class Action Lawyers, Leaves Consumers in the Dust

The Consumer Financial Protection Bureau (CFPB) hit a new low this month when they proposed a new rule that directly harms those that the CFPB was created to protect: the consumers. The proposed regulation would place severe restrictions on the use of arbitration in settling disputes, forcing consumer suits out of arbitration and into class action litigation. The studies and arguments the CFPB attempted to use in the proposal indicate that the CFPB is aware that it is harming consumers while padding the pockets of class action attorneys.

05/18/2016
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Blog

Bill's Not Just a Bill. And He's Not Just Sitting Here on Capitol Hill.

As the "drop dead date" for Obama administration regulations draws near, we are expecting a flood of "midnight regulations." Regulatory agencies, in an eleventh-hour attempt to pass new rules before the start of the next administration, will make a huge push in ushering in new proposals. In preparation for this regulatory outburst, we have provided a brief guide explaining how proposed rules become regulations.

05/16/2016
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Blog

With Seven-Day Extension, Obama Midnight is Dark and Full of Regulatory Terrors

The "drop dead date" for federal regulations is fast approaching and we are expecting more overreaching proposals. This is the last date that proposed rules can be finalized by the Obama administration, without fear that the next President will overturn them under the Congressional Review Act. Regulatory agencies are expected to release a flood of regulations before this date. This regulatory outburst, first noted in the final days of the Carter Administration, is known as "midnight regulations."

05/16/2016
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Blog

SEC Celebrates Small Business Week, Releases Another Novel of Regulations

Just in time for Small Business Week, the SEC issued a 341-page concept release on disclosure requirements. Their generous gift of rambling, redundant Small Business Week reading material is accompanied with 340 pages of specific requests for comments. Unfortunately, the SEC forgot that every great novel needs a cover, so we provided them with the one pictured above.

05/12/2016
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Blog

London Whale-Sized Regulations on Wall Street Pay

Financial regulators released a 279-page proposal that would set parameters around how and when Wall Street Executives make their money. The proposal, mandated by the Dodd-Frank Act, is a five-year project that spans across six regulatory agencies.

05/11/2016

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