How Congress Can Reverse Rule
Traders Magazine, May 2005
It is very rare that Congress reverses the decision of a federal agency, but it is not impossible. Indeed, Congress provided a procedure back in the 1990s, allowing the lawmakers to overturn the work of regulators. The Congressional Review Act (CRA) of 1996 is an unusual procedure that is not used very often, says David Franasiak, an STA lobbyist and an attorney with the Washington firm of Williams and Jensen.
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