In Brief: Regulatory moratorium
This article was originally published in The Rose Sheet
Executive Summary
Regulatory moratorium: Bipartisan substitute to regulatory moratorium bill (S 219), co-sponsored by Sens. Don Nickles (R-OK) and Harry Reid (D-NV), is set for floor debate March 27. Nickles will offer the substitute as an amendment replacing Sen. William Roth's (R-DE) "Regulatory Transition Act," S 219. The amendment establishes a "fast-track" procedure under which Congress would have 45-days to review any final rule and enact a joint resolution of disapproval on a reg. The joint resolution of disapproval may be vetoed by the President, but Congress may override the veto. The measure provides that any senator or representative may introduce a resolution of disapproval, to be referred to the committees of jurisdiction. A similar measure is included in regulatory reform legislation adopted March 23 by the Senate Governmental Affairs Committee...