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FBN's Rich Edson on Mitt Romney giving Congress more authority over rule-making if elected.
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Presumptive GOP candidate Mitt Romney vowing to ask congress to repeal Dodd-Frank and -- the big bank regulations the law that imposes new restrictions on all kinds of financial institutions.
But if he is elected does Romney even need congress' help to undo Dodd-Frank rich -- is standing by Washington DC with.
All the nitty gritty really split -- -- on this one rich.
That right -- and you know you've got Dodd-Frank it mandates hundreds of regulations in one recent analysis says the government.
Has finalize less than a third and so -- governor Romney wins in November he'll get to a point officials at the agency's.
Writing and enforcing these new rules and analysts say even without congress.
-- Romney administration could have a significant impact on consumer capital and derivative rules still one analyst says the bulk of Dodd-Frank can only be changed.
With the okay from congress.
A president cannot change the fundamental nature of the law that's why it's on congress when congress passes those laws.
They should have to take responsibility for the regulations -- coming out of us laws.
And so one thing certainly I would like to see is for particularly for long large.
Our regulations for congress to have to vote on those regulations and say up -- down.
In that.
It actually in Romney's platform it's requirement that congress approved all regulations with the least a 100 million dollar economic impact though even that requirement would need.
Congressional approval back to you.
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