Wednesday, January 30, 2013

Washington and business brace for an Obama wave of regulations

By Ben Goad - 01/28/13 05:00 AM ET

President Obama has begun to wield the power of the executive to press forward with a second-term agenda that delights the left and terrifies the right.  When he said "we must act" in his inaugural address last week, liberals cheered him on and conservatives saw that the electoral earthquake of November is likely to be followed by a tsunami of executive orders and regulations.  Lawmakers, lobbyists and policy groups say they are expecting a deluge of new rules from agencies across the federal government.   “They’re going to try to do with regulation what they cannot do with legislation,” said Mike House of Hogan & Lovells, a law and lobbying firm whose clients include businesses and trade groups. 

Advocacy groups and liberal lawmakers are drawing up wish lists of new regulations that would cover everything from air pollution to vehicle safety to labor protections. And that doesn’t include a torrent of forthcoming rules required by the healthcare law and the Dodd-Frank financial reform act.   Congressional Republicans and industry groups, meanwhile, are marshaling forces to oppose a regulatory onslaught that they fear will bring the private sector to its knees.  When you consider all the new rules now pouring through the regulatory pipeline, and those still to come, it is staggering,” U.S. Chamber of Commerce President Tom Donohue said this month during a speech on the state of American business.  To Read More….

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