An unprecedented deluge of vital regulation rollbacks

New York Times: “Leashes Come Off Wall Street, Gun Sellers, Polluters and More” – by Eric Lipton and Binyamin Appelbaum, March 5, 2017

Giants in telecommunications, like Verizon and AT&T, will not have to take “reasonable measures” to ensure that their customers’ Social Security numbers, web browsing history and other personal information are not stolen or accidentally released.

Wall Street banks like Goldman Sachs and JPMorgan Chase will not be punished, at least for now, for not collecting extra money from customers to cover potential losses from certain kinds of high-risk trades that helped unleash the 2008 financial crisis.

And Social Security Administration data will no longer be used to try to block individuals with disabling mental health issues from buying handguns, nor will hunters be banned from using lead-based bullets, which can accidentally poison wildlife, on 150 million acres of federal lands.

These are just a few of the more than 90 regulations that federal agencies and the Republican-controlled Congress have delayed, suspended or reversed in the month and a half since President Trump took office, according to a tally by The New York Times.
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“By any empirical measure, it is a level of activity that has never been seen,” said Curtis W. Copeland, who spent decades studying federal regulatory policy on behalf of Congress while at the Congressional Research Service and the Government Accountability Office. “It is unprecedented.”

 
I’m sorry to be pointed about it, but it’s very difficult to see how one could look at this rollback — combined with the likely imminent reversal of his more substantial legislative program — and not ask what Obama really secured in eight years.

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Bill Humphrey

About Bill Humphrey

Bill Humphrey is the primary host of WVUD's Arsenal For Democracy talk radio show and is a Senior Editor for The Globalist. Follow him @BillHumphreyMA on twitter.
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