Facing wide criticism, Senate homeland security committee drops plan for a markup, promises to hold a hearing instead.

“Financial reformers have won a small battle in their fight with Wall Street over financial regulation,” Huffington Post reports.

St. Louis Post-Dispatch warns of a “truly awful piece of legislation” that could “sneak through the 112th Congress before it adjourns at year’s end,”

Six financial regulators are challenging the logic of a Senate bill (S. 3468) that would empower the President to direct their agencies (among others) to submit all proposed rules to the White House Office of …

AFR sent a letter of opposition to members of Congress regarding S. 3468, The Independent Agency Regulatory Analysis Act, which would give the Office of Information and Regulatory Affairs (OIRA) jurisdiction over all independent agencies in the federal government, including all of the financial regulatory agencies.