Removing Barriers Blog

Congress urges the Obama Administration to Hold Off on Substantial Policymaking
Posted November 17, 2016 by CUNA Advocacy

Kevin McCarthy, House Majority Leader, Jeb Hensarling, the Chairman on the House Financial Services Committee, and every House committee Chairman sent a letter to agency leaders urging them not to rush through any rules prior to the end of President Obama’s Administration.

The letter outlined the impact of aggressive policymaking on the economy, consumers, and businesses. It specifically noted that pushing through final rules without the proper cost/benefit analysis needed, could harm consumers and businesses.

The White House Chief of staff promised “audacious executive action” in January of this year. The letter cites this as it makes a case for forbearance of policymaking in order for the new Trump Administration and a new Congress to review pending rules and policies.

The letter was signed by 22 other Members of Congress.