FIRST AIRED: April 5, 2017

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Transcript

00:00:00
>>
APPLAUSE
>> President Trump, this week, keeping up his assault against regulations that he says are killing US jobs, harming the American economy, and holding back CEOs, many in attendance for a White House summit.>> We are absolutely destroying these horrible regulations that have been placed on your heads, over not eight years, over the last 20 and 25 years.
00:00:23
>> While the president has made his regulation rollback signings a public spectacle it's been the Republicans and Congress that are maneuvering it all thanks to a little known law says Reuters financial regulations correspondent Lisa Lambert.>> The CRA is the Congressional Review Act and it's this 1996 law that lived in obscurity for decades because it's very hard to get it to work.
00:00:48
You need a party controlling both branches of government and the White House.>> The law requires only a simple majority vote and poof the regulation is gone. Since Trump's inauguration, 13 resolutions have been voted on and 11 have been signed into law including the one that no longer requires broadband providers get permission before selling customers' private data, and another ending extended background checks for the mentally ill who want to buy a gun.
00:01:18
But time is running out for Republicans to keep on using this simple maneuver to push through their agenda.>> The deadline for introducing resolutions to kill the regulations from the Obama era was Friday. Any resolutions that has been introduced they have until the middle of May to vote on or it just disappears.
00:01:39
But this has been a great successful for Republicans in fact it's pretty much the biggest legislative success in 2017.>> And now will that edge about to disappear? Republicans are trying to get rid of his many rules as they can. Trump, refreshing his wish list calling for some of the Wall Street reforms put in place, following to the financial crisis to be killed.