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Hensarling warns SEC about 'midnight regulations'

Joe Mont | December 14, 2016

A warning to the Securities and Exchange Commission from Rep. Jeb Hensarling (R-Texas): cease and desist from any new regulations until the start of the Trump Administration.

A statement issued by the Chairman of the House Financial Services Committee this week demands that SEC chair Mary Jo White, who will depart the agency at the conclusion of the Obama Administration, stay clear of so-called “midnight regulations.”

Hensarling chastised White for her refusal to close out rulemaking efforts in the coming days.

“The press is characterizing Chair White’s decision to try to rush through a mountain of midnight regulations as ‘defying Republicans,’ but in reality she’s defying the will of the American people and good government,” Hensarling wrote. “Such midnight rulemaking is neither conducive to sound policy nor consistent with the principles of democratic accountability...

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