In their first 100 days holding a bicameral majority in Congress, Republicans have repealed seven regulations implemented under President Joe Biden, primarily targeting energy-related rules. These repeals aim to reduce burdens on producers and lower consumer prices. Additionally, Republicans have canceled several cryptocurrency and financial regulations introduced during the Biden administration. A leaked budget proposal reveals plans for major restructuring of federal health and safety agencies, including the Consumer Product Safety Commission. The House Republican budget reconciliation bill also proposes deep cuts to financial regulators, notably slashing the funding cap of the Consumer Financial Protection Bureau. These actions collectively represent a broad rollback of Biden-era regulatory policies across multiple sectors.
The great regulatory rollback: How Republicans are erasing Biden's legacy https://t.co/s5U3F5x4sX
🚨🇺🇸 REPUBLICANS SLASH CONSUMER WATCHDOG FUNDING, GUT CLIMATE PROGRAMS IN BUDGET PROPOSAL House Republicans just dropped their budget reconciliation bill targeting financial regulators with deep cuts - including slashing the Consumer Financial Protection Bureau's funding cap by https://t.co/gR0OhKtPJk https://t.co/GHhdxL3uhI
Republicans also canceled a few cryptocurrency and financial regulations promulgated under Joe Biden. https://t.co/zKFZxqDNW4