Huffpost Politics

White House Threatens Veto On GOP Regulation Bill

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OBAMA WHITE HOUSE VETO GOP REGULATION
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WASHINGTON -- The White House has threatened that President Barack Obama would veto a pending House Republican bill that would make it easier for Congress to kill proposed government regulations.

The White House's budget office calls the legislation a "radical departure" from the separation of powers between the executive and legislative branches of government. It says the legislation would create unprecedented requirements that would delay and even block rules mandated by law.

The House Republican proposal would require Congress to approve any regulation that is estimated to cost the U.S. economy more than $100 million a year, would result in an increase in prices, or have adverse effect on competition or jobs.

The Obama administration has identified 219 proposed regulations this year that would cost the economy more than $100 million each.

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