What does a ruling about automobile financing have to do with Obamacare? As it turns out, plenty.
This week the Senate acted to repeal a piece of regulatory guidance the Consumer Financial Protection Bureau (CFPB) issued back in March 2013. As a Politico report Wednesday noted, that precedent allows Congress to nullify other regulatory actions the federal government took years ago—including those on Obamacare.
The Senate action regarding the CFPB guidance came pursuant to the Congressional Review Act (CRA).
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There are periodic reports of conservative plotting to make one more push before the midterms, like this quote from conservative health-care think tank chief Grace-Marie Turner:
“Congress is going to have to come back to a full repeal-and-replace measure, and we have been working every week since October to refine this legislation at the behest of the Senate. (Former) Sen. Rick Santorum has really been the energy behind this effort,” said Turner, who also explained the other players in the effort.
“Heritage Foundation, Ethics and Public Policy Center, the American Enterprise Institute, a lot of state-based think tanks and a lot of experts from around the country have been putting together a proposal that we believe cannot only get majority support in the Congress but majority support of the American people to fix this for good,” Turner said.
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