White House to Ease Many Rules Aimed at Protecting Consumers
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Media outlets and blogs have been reporting for the past two weeks that the White House is working to enact a wide array of federal regulations, which would strip many government rules that protect consumers and the environment, before President Bush leaves office in January.
90 new regulations are in the works, and at least nine of them are considered "economically significant" because they impose costs or promote societal benefits that exceed $100 million annually, according to the Washington Post.
Unfortunately, a lot Bush's regulatory proposals reflect new interpretations of language in federal laws. Other proposals reflect new executive branch decisions in areas where Congress left the president with the ability to "flex" his power and excercise his discretion at will, since Congress is now out of session and focusing on the elections.
Here is White House Chief of Staff Joshua Bolten's memo, that was written May 9, 2008, stressing that everyone (everyone that the memo was addressed to) needs to "sprint to the finish" in order for regulations to be finalized before a set deadline of November 1, 2008.
Below is a chart that displays five proposed regulations, the proposal date, length of comment period (most of the regulations have a comment period around 30 days), and the amount of days the Office of Management and Budget needs to review the regulation before it takes legal effect.
The Bush White House is trying its best to get everything done before the next administration takes office on January 20, 2009, when the next president would be able to void any proposed regulation that is still under review.
