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Faso votes to deregulate emissions, regulate banks

Mar 08, 2018 11:01 am
On March 7, Rep John Faso (R-Kinderhook) voted with the GOP majority to pass the "Blocking Regulatory Interference from Closing Kilns Act" 234-180. The bill addresses the Environmental Protection Agency’s National Emission Standards for Hazardous Air Pollutants for Brick and Structural Clay Products Manufacturing and for Clay Ceramics Manufacturing from 2015. If passed and signed, the bill would allow companies to ignore compliance dates until after judicial review of the final rule. So larger emissions of hazardous air pollutants would be allowed for a longer time under this legislation. On March 6, Faso also voted for the Comprehensive Regulatory Review Act which passed 264-143. Republicans say that bill would force banks to more frequent comprehensive reviews of their banking regulations. Some Democrats disagreed, such as California's Rep. Maxine Waters. “If this bill were enacted financial services regulators would be forced to spend more time and resources on backward looking reviews and deregulating the financial services industry rather than strengthening protections for consumers and the economy,” she said.
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