This popped up on a couple of different sources at about the same time, not sure who was first. Likely the WSJ, as this ZeroHedge post cites it. Short version: when congress passes a law and the president signs it, it will often have an outline of what’s to be done, and it directs the appropriate agencies involved to write up the implementing regulations and guidelines. A three page law might have hundreds of pages of legalese added to the Federal Register. Heck, the entire edifice built on “title IX” is standing on a single sentence! Anyway, a law passed in 1996 called the Congressional Review Act requires that after the regulations are written they have to send a report to congress, where they must be voted up or down by simple majority vote within 60 days. Congress was trying to keep an out-of-control agency from getting too hog wild on the details that were delegated to them.
The clock stars ticking when the regulations are published, or when the report gets sent to congress, whichever is later.
Well, it seems that the last administration was a tad sloppy on their paperwork. They rarely sent a report to congress. Trump can direct any agency under his command (effectively all of them) to send a report to congress if they have not done so already. If it gets voted down, the law is on hold until they can put together regs that are acceptable to congress, and the next attempt at reg-writing cannot be to simply re-submit essentially the same thing again. So a whole bunch of junk passed in the last 8 years might be, ah, revisited.
Suddenly Trump’s statements about reducing regulation hugely doesn’t sound so absurd.
Nope, not tired of winning yet.