Articles Comments

SENTRY JOURNAL » H.R. 4173

Is the Financial Reform Bill Unconstitutional?

July 12th, 2010 | 6 Comments

With the Senate on the verge of driving a stake through the heart of our free market system with the new and improved Financial Reform bill (H.R. 4173), I question whether it’s constitutional. The U.S. Chamber of Commerce’s view on this bill can be summed up in the following excerpt: the U.S. Chamber of Commerce today highlighted to lawmakers the regulatory tsunami that will develop from the conference base text, including 355 potential new rulemakings, 47 studies, and 74 reports—and potentially dozens more as implementation begins. “This tsunami of new rules and studies will perpetuate uncertainty and fail to provide clear rules of the road,” said David Hirschmann, president and CEO of the Chamber’s Capital Markets Center. “Business needs certainty, and we urge Congress to provide as much clarity as possible to ill-defined … Read entire article »

Filed under: Constitution, Financial Reform, H.R. 4173, Politics, U.S. Chamber of Commerce, Video