Wednesday, February 15, 2017

The First 4 Signed Bills of the "Populist" "President"

Nearing four weeks in office, one would think that someone chasing economic populism would pursue economically (if only rhetorically) useful legislation. Thus, I give you the first four bills signed into law:
  1. 115-1: H.R.39 - Tested Ability to Leverage Exceptional National Talent Act of 2017 or the TALENT Act of 2017. A bipartisan bill to help get "innovators" to help out our government. No economic impact.
  2. 115-2: S.84 - A bill to provide for an exception to a limitation against appointment of persons as Secretary of Defense within seven years of relief from active duty as a regular commissioned officer of the Armed Forces. Otherwise known as the "General Mattis Exception". No economic impact.
  3. 115-3: H.R.72 - GAO Access and Oversight Act of 2017 -- A bipartisan bill to expand the powers of the GAO to obtain and review other agencies' records. No economic impact.
  4. 155-4: H.J.Res.41 - Providing for congressional disapproval under chapter 8 of title 5, United States Code, of a rule submitted by the Securities and Exchange Commission relating to "Disclosure of Payments by Resource Extraction Issuers" -- Otherwise known as the repeal of the portion of Dodd-Frank that required mining / oil companies to certify their product supply chain were conflict-free. Of course, these are sunk costs as companies have already set up the processes to certify their supply chains as conflict-free, so, no economic impact.
The next bill waiting for a signature: H.J.Res.38 - Disapproving the rule submitted by the Department of the Interior known as the Stream Protection Rule -- basically repealing new rules, several years in the process, that would have updated and codified protections of waterways from coal mining. I guess people want to drink dirty water.

So, helping out Main Street, right? Right?

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