Corporate deregulation goes ahead full speed while news media distracted by all the s

shiny objects.

There's some pretty serious deregulation going on here that the news media isn't giving much coverage. A whole slew of the things Trump's friends and the CEOs he's consulting have on their wish lists are being accomplished by executive orders.

The stupidest one: Courts should kill Trump's pricey '2-for-1' deregulation order

Quote:

Wednesday, two major public interest groups filed a lawsuit against one of President Trump’s executive orders, an order that many people have probably never heard of. ... Administrative agencies like EPA and OSHA already have to go through elaborate procedures before they can issue new rules. Trump is now raising the procedural barriers much higher. To issue a new regulation, an agency will have to repeal two old regulations — the so-called “two for one” requirement. In addition, Trump has capped the total costs of all regulations that an agency enacts in a year. The initial cap is zero. For instance, if a new rule will cost industry $100 million, the agency will have to find two old rules to eliminate that will add up to $100 million in cost savings. The two public interest groups — Public Citizen and the Natural Resource DefenseCouncil (NRDC) — make a sound argument that these are irrational requirements.

Typical Trump simplistic world view.


While repealing Dodd-Frank gets coverage, this was slipped in with it. Caveat Emptor: Trump orders Dodd-Frank review in effort to roll back financial regulation

Quote:

A second directive is expected to halt the implementation of an Obama-era rule that would have required brokers to act in a client’s best interest when providing retirement advice, rather than seek the highest profits for themselves.

An ambassadorship for you, a tax cut for you, and for my special friends, an advisory position: Donald Trump Enlists Carl Icahn as His Special Adviser on Business Regulations

Quote:

Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called "excessive regulation" on U.S. businesses, the president-elect's transition team announced on Wednesday. Icahn will serve as a special adviser, not a federal employee, and he will not have specific duties, Trump's team said in a statement. He will not take a salary, a transition aide said. The pick could draw scrutiny because Icahn, whose major investments include insurer American International Group (AIG, +0.37%) and oil refining business CVR Energy, could help shape rules meant to police Wall Street and protect the environment. In the transition team statement released on Wednesday, Icahn said it was time to "break free of excessive regulation" and let businesses create jobs.

Pollution regulations, who needs 'em, we've got the GOP Congress in on this one: Trump signs bill undoing Obama coal mining rule

Quote:

President Trump on Thursday signed legislation ending a key Obama administration coal mining rule. The bill quashes the Office of Surface Mining's Stream Protection Rule, a regulation to protect waterways from coal mining waste that officials finalized in December. The legislation is the second Trump has signed into law ending an Obama-era environmental regulation. On Tuesday, he signed a Congressional Review Act (CRA) resolution undoing a financial disclosure requirement for energy companies. Both the mining and financial disclosure bills are the tip of a GOP push to undo a slate of regulations instituted in the closing days of the Obama administration. The House has passed several CRA resolutions, and the Senate has so far sent three of them to President Trump for his signature.

via International Skeptics Forum http://ift.tt/2leWa8a