Moratorium on Regulations Backed by House Minority Leader

Moratorium on Regulations Backed by House Minority Leader

Proposal would stop financial and health care packages.

House Minority Leader John Boehner, R-Ohio, supports repeal of the health care overhaul and the financial regulation packages. The latter got final Congressional approval last Thursday. Boehner says he wants to see common-sense solutions. Therefore he has thrown his support behind a one-year moratorium on almost all new federal regulations, including the new health care overhaul and financial regulation packages. Boehner says a moratorium would create jobs by ending uncertainty among businesses fearful of new federal mandates.

The idea came out of a meeting of business leaders who gathered as part of America Speaking Out, the House Republicans' effort to solicit ideas across the country for a fall campaign platform. Boehner says having a moratorium on new federal regulations is a great idea. It sends a wonderful signal to the private sector that they'll have some breathing room. Boehner said the only exception he might foresee would be for emergencies.

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