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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