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Blog

Congress Moves to Cancel Obama-Era Regulations Under the Congressional Review Act

Since the Congressional Review Act became law in 1996 through the 114th Congress, more than 120 resolutions of disapproval have been introduced to cancel regulations promulgated by federal agencies. The Congressional Review Act gives Congress 60 legislative days after a federal agency submits a rule for review. Between the 104th Congress and the 114th Congress, only one resolution of disapproval canceling a rule passed by both chambers of Congress and was signed into law.

02/03/2017
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Key Vote

Key Vote YES in the Senate on Resolutions of Disapproval Against Costly Federal Regulations

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and ask them to support resolutions of disapproval against costly regulations promulgated by federal agencies. H.J.Res. 38 and H.J.Res. 41 are aimed at regulations submitted for congressional review by the Department of the Interior and the Securities and Exchange Commission. The resolutions have passed the House of Representatives Wednesday.

02/02/2017
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Key Vote

Key Vote YES on Resolutions of Disapproval Against Costly Federal Regulations

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and ask him or her to support resolutions of disapproval against costly regulations promulgated by federal agencies. The resolutions are aimed at regulations submitted for congressional review by the Department of the Interior, the Securities and Exchange Commission, Department of Defense, the General Services Administration, the National Aeronautics and Space Administration, and the Bureau of Land Management.

01/31/2017
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Blog

If You Build the Blockchain, Regulators Will Come

The hardest part of drafting any new regulation is establishing a definition. In fact, most of the policy work is in the definition and there are alarmingly few policy considerations after something is defined as a covered entity. The definition of cryptocurrency has already proved problematic for regulators. Essentially, to commodities regulators, virtual currency is a commodity. For bank regulators, it is a bank. For securities regulators, it is a security. For those who regulate money transmitters, it is a money transmitter. For the purpose of property taxes, it is a property. Everyone wants a stake in the new world of virtual currency.

07/12/2016
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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.

05/20/2016
Tell Your Representative to Support the SEC Accountibility Act!
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Blog

Tell Your Representative to Support the SEC Accountibility Act!

Dear FreedomWorks member,As one of our millions of FreedomWorks members nationwide, I urge you to contact your representative and urge him or her to vote YES on H.R. 1062, SEC Regulatory Accountability Act. Introduced by Rep. Scott Garrett (R-NJ), this bill would provide much needed accountability to the Securities and Exchange Commission (SEC). This common sense bill is simple and to the point: it would require the SEC to perform a cost-benefit analysis before enacting any new major regulations.

05/16/2013
Ron Paul Introduces SEC Transparency Act
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Blog

Ron Paul Introduces SEC Transparency Act

The Securities and Exchange Commission (SEC) whose purpose is to regulate the stock market and prevent corporate abuses has become no stranger to controversy. Recently, a Politico article revealed that top officials at the SEC spent a significant part of their day watching pornography on the taxpayer’s dime. Yet, the SEC pornography scandal resulted in zero firings.

08/04/2010
A Save Face Testimony?
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Blog

A Save Face Testimony?

As lawmakers continue to question all involved in the 2008 deal that brought securities firm Merrill Lynch under the command of Bank of America Corp., questions arise as to the legality of the Federal Reserve's role in the negotiations.

06/25/2009