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President Trump pushed his administration to eliminate rules rather than to adopt them, and many of its regulators took that to heart especially the ones that oversee the financial industry. The Office of the Comptroller of the Currency, which helps oversee banks, even found a way to undercut
state lending strictures through a rule it issued in October 2020: the “true lender” regulation, which enabled predatory lenders to evade state interest rate caps by partnering with out-of-state banks.
Congress can overturn this rule, but at least one chamber has to start the process by passing a resolution of disapproval by May 21. This week, the Senate may take up a proposal by Sens. Chris Van Hollen (D-Md.) and Sherrod Brown (D-Ohio) to cancel the OCC’s disingenuously named rule. If senators vote in the interests of their state and not their party, it will pass easily, as it should.
The Democrats Are Doing Court Reform Backward
They’ve responded to Trump’s makeover of the courts with legislative nonstarters and shortsighted proposals. But the party first needs to sell the public on its vision for a liberal judiciary.
Oliver Contreras/Getty Images
The ultraconservative hijack of the Supreme Court, enabled by Mitch McConnell’s chicanery and President
Donald Trump’s assent to Federalist Society–blessed nominees, has left liberals and
Democrats flummoxed by a justifiable dread. Now comes the question: What is to
be done about it? Lacking agreement on a credible path to reverse the prospect
of a judiciary hostile to landmark judicial and legislative achievements, they have spent months
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As we anticipated, under President Biden the Federal Energy Regulatory Commission (FERC) has begun addressing ways to reduce carbon emissions and add new transmission capacity. (See our
2021 Insights article “Under Biden, Energy Policy May Shift to Carbon Reduction.”) It has announced support for utilities that operate a portion of the bulk power grid taking steps to integrate the cost of carbon into their economic and operational decisions, so carbon-emitting generators run less frequently and low- or zero-carbon-emitting generators run more often. And FERC appears poised to take several actions designed to promote the addition of transmission lines to bring new renewable energy resources to the grid.