CFA Opposes Midnight Rules Relief Act of 2017
CFA is calling on members of Congress to oppose the Midnight Rules Relief Act of 2017 (MRRA), a bill which would undermine important consumer protections. The bill purports to fix a non-existent problem, namely that rules finalized at the end of an administration are hurried and not appropriately evaluated. On the contrary, studies show that regulations finalized towards the end of presidential terms are typically routine matters, and take on average 3.6 years to complete compared to 2.8 years for other rules. If passed, the MRRA would undercut the ability of federal agencies to protect consumers from unsafe food, predatory financial products and schemes, and dangerous consumer products.
