{"id":2639,"date":"2009-12-11T17:13:15","date_gmt":"2009-12-11T22:13:15","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=2639"},"modified":"2009-12-12T07:30:00","modified_gmt":"2009-12-12T12:30:00","slug":"bad-news-from-the-house-floor","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/2639\/bad-news-from-the-house-floor\/","title":{"rendered":"Bad News from the House Floor"},"content":{"rendered":"<p>In the never ending succession of bad legislation coming out of Congress, the Democrats added another one to the list today.<\/p>\n<p>By a <a href=\"http:\/\/clerk.house.gov\/evs\/2009\/roll968.xml\" target=\"_blank\"><span style=\"text-decoration: underline;\">223-202 vote<\/span><\/a>, the House passed the \u201cWall Street Reform and Consumer Protection Act of 2009.\u201d\u00a0 Twenty-seven Democrats joined every single Republican to oppose the legislation.<\/p>\n<p>The bill is a hodgepodge of more regulations, higher taxes and new government.\u00a0 After <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/42-constitution-and-legal\/441-sarbanes-oxley-an-unconstitutional-monument-to-governmental-incompetence\" target=\"_blank\"><span style=\"text-decoration: underline;\">Sarbanes-Oxley<\/span><\/a>, Congress thought it had effectively ended the debate over financial regulations.\u00a0 For Congress, it\u2019s never too late to re-regulate.<\/p>\n<p>You can read the Congressional Research Service summary of the legislation <a href=\"http:\/\/thomas.loc.gov\/cgi-bin\/bdquery\/D?d111:1:.\/temp\/~bdpDLt:@@@D&amp;summ2=m&amp;|\/bss\/111search.html|\" target=\"_blank\"><span style=\"text-decoration: underline;\">here<\/span><\/a>.<\/p>\n<p><a href=\"http:\/\/www.cbo.gov\/ftpdocs\/108xx\/doc10844\/hr4173asreported.pdf\" target=\"_blank\"><span style=\"text-decoration: underline;\">Here<\/span><\/a> is the CBO\u2019s cost estimate of the bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the never ending succession of bad legislation coming out of Congress, the Democrats added another one to the list today. By a 223-202 vote, the House passed the \u201cWall Street Reform and Consumer Protection Act of 2009.\u201d\u00a0 Twenty-seven Democrats joined every single Republican to oppose the legislation. The bill is a hodgepodge of more [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[440,84,40,363,300,629],"class_list":["post-2639","post","type-post","status-publish","format-standard","hentry","category-posts","tag-cbo","tag-congress","tag-congressional-budget-office","tag-overregulation","tag-regulation","tag-sarbanes-oxley"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=2639"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2639\/revisions"}],"predecessor-version":[{"id":2642,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2639\/revisions\/2642"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=2639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=2639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=2639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}