WASHINGTON — Two wide-ranging regulatory proposals from Republican presidential candidate Mitt Romney, which so far have received scant attention, could put the brakes on implementation of the Dodd-Frank Act.
The proposals, taken together, would make it far harder for regulatory agencies to enact new regulations. The impact would be especially large with regard to the 2010 financial reform law, much of which has yet to take effect. Under Romney's plan, agencies would be required to eliminate existing regulations whenever they implement new ones. Congress would also have a much easier time blocking regulations that are proposed by the agencies.