Skip to main content
Menu Icon
Close

InfoBytes Blog

Financial Services Law Insights and Observations

GOP Leaders Formally Request that Obama Administration Not Finalize Rules and Regulations in its Final Days

Federal Issues Consumer Finance Obama Agency Rule-Making & Guidance

Federal Issues

On November 15, GOP leaders sent a letter to “Secretaries, Administrators, Directors and Commissioners” within the Obama Administration caution[ing] [each] against finalizing pending rules or regulations in the administration’s last days.” The letter explains that by “refraining from acting with undue haste, . . . it [is] less likely that unintended consequences will harm consumers and businesses.”  In addition, “such forbearance is necessary to afford the recently elected administration and Congress the opportunity to review and give direction concerning pending rulemakings.”