Jim Flynn: Trump’s war on regulations leads back to Congress

As you probably know, President Donald Trump has declared war on "regulations." There seems, however, to be some misinformation here and some irony. On the misinformation front, contrary to what you might have concluded from campaign rhetoric, "regulations" don't just come into existence at the whim of a president. They start with Congress.

The term "regulation" is often used incorrectly to refer to an actual statute passed by Congress - for example, the Affordable Care Act. The term is correctly used to refer to rules created by government agencies implementing statutes passed by Congress - for example, Regulation B, implementing the Equal Credit Opportunity Act.

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