Last week, the window closed on the ability of the Democrats in the Senate to use the Congressional Review Act (CRA) to repeal regulations issued late in the Trump administration. The Democrats in the Senate passed three CRA resolutions in the past four months. One was to eliminate a Trump rollback of emission standards for methane. The second resolution would eliminate the Department of Treasury’s “true lender” rule which made it easier for banks to issue loans with higher interest rates. The final resolution was passed two weeks ago when Senate Democrats voted to repeal an Equal Employment Opportunity Commission rule requiring the agency to turn over more information to employers during the process known as “conciliation.” Those bills will likely be passed by the House and signed by President Biden.
Prof. Toney and Lina Moe Named St. Louis Fed Fellows
St. Louis Fed Announces 2024-25 Institute for Economic Equity Research Fellows The Federal Reserve Bank of St. Louis has announced a new cohort of nine research fellows selected to conduct research while in residence at the Institute for Economic Equity. “The...
