The Administration’s Regulatory Uncertainty

Groups like the Center for American Progress are claiming that the possibility of another row over the budget and debt ceiling are creating “uncertainty” in the economy. One might ask why it is that the Senate has not taken up a budget passed by the House for almost five years, but the fact is that the Obama administration itself is guilty of causing uncertainty among businesses. Here are five ways in which the administration is causing regulatory uncertainty:

1.       The administration refuses to finalize rules mandated by the 2010 Dodd-Frank Act, 3 years after it passed. According to the Davis-Polk law firm, “As of December 2, 2013, a total of 280 Dodd-Frank rulemaking requirement deadlines have passed. Of these 280 passed deadlines, 168 (60%) have been missed and 112 (40%) have been met with finalized rules. In addition,…

……Or, as Pejman Youfeszadeh puts it, “Yes Virginia, regulatory uncertainty is very real.”…...To Read More….