Senate GOP proposes ban on new regulations until unemployment falls

The 7.7 percent target for unemployment is based on the 7.8 percent rate in the U.S. when President Obama took office. Johnson argues that because the rate has always been higher than that initial rate under Obama, substantive regulations should be banned until it gets under that level.

"According to the White House, we're now into the third year of the Obama 'recovery,' " Johnson said. "But job growth is anemic, and companies are still laying off workers. You would think that Washington would be focused on job creation. Instead, the White House is intent on adding new layers of job-killing regulation."

The bill would ban "significant" regulations, which it defines in part as major rules that would have an effect on the economy of $100 million or more, or would have an effect on job creation.

The bill, S. 1438, is co-sponsored by 20 other Republicans: Kelly AyotteKelly AyotteStoddard: Can Trump close the deal with the GOP? Trump plans visit to Capitol Hill Ayotte alarmed by sped-up Gitmo reviews MORE (N.H.), Richard BurrRichard BurrTech advocates look to target Intel chairman's reelection bid Trump plans visit to Capitol Hill The Trail 2016: And then there was one MORE (N.C.), John BoozmanJohn BoozmanDemocrats race to link GOP incumbents to Trump Dem Senate candidate rips Trump’s ‘serial harassment’ of women Bringing US rice back to Cuba MORE (Ariz.), Dan CoatsDan CoatsYoung beats Stutzman in Indiana Senate GOP primary Ind. Senate candidate paid relative 0K for campaign work GOP blasts Obama for slow economic growth MORE (Ind.), Tom CoburnTom CoburnThird-party push gaining steam GOP faces existential threat Sanders tops 2016 field in newly deleted tweets MORE (Okla.), John CornynJohn CornynGOP urged to confirm Supreme Court nominee after Trump win Judiciary Dems seek hearing on voting rights First US Zika death reported in Puerto Rico MORE (Texas), Jim DeMint (S.C.), Mike EnziMike EnziGOP blocks slate of Obama judicial nominees Overnight Finance: New rules proposed to curb Wall Street pay GOP senator tries to tie 'No budget, no pay' to funding bill MORE (Wyo.), Chuck GrassleyChuck GrassleyThe Trail 2016: GOP stages of grief Grassley: Trump would pick 'right type' of Supreme Court justice Advocacy group seeks probe into DOD statements on sexual assault MORE (Iowa), Orrin HatchOrrin HatchInversion rule: latest example of government overreach Supreme Court wrestles with corruption law IRS: Annual unpaid tax liability was 8B MORE (Utah), Kay Bailey Hutchison (Texas), James InhofeJames InhofeThree more Republican senators to meet with Supreme Court nominee Senate unveils B waterways bill with aid for Flint 0 million Flint aid package included in water bill MORE (Okla.), Johnny IsaksonJohnny IsaksonSenate approves new Veterans Affairs watchdog Overnight Regulation: Republicans move to block financial adviser rule Senate Republicans move to block financial adviser rule MORE (Ga.), Mike LeeMike LeeReid: Cruz, Lee on Supreme Court should 'scare you' Cruz: Boehner unleashed his ‘inner Trump’ Senate pressured to take up email privacy bill after overwhelming House vote MORE (Utah), Rand PaulRand PaulThird-party push gaining steam Activists target Google employees over GOP convention plans McConnell pledges to support Trump MORE (Ky.), Jim RischJim RischSen. Cory Gardner endorses Cruz GOP lawmakers vie for convention power GOP senator on endorsing Cruz: 'I guess it depends on your definition' MORE (Idaho), Marco RubioMarco RubioTrump: Rubio as VP 'could happen' The Trail 2016: GOP stages of grief Carson not interested in being Trump's VP MORE (Fla.), Pat Toomey (Pa.), David VitterDavid VitterSenators aim to bolster active shooter training 5 takeaways from Mike Lee’s leadership bid Republicans demand shift in Obama’s ISIS strategy MORE (La.), and Roger WickerRoger WickerOvernight Healthcare: Senate making headway on Zika funding DNC head: Republicans ‘dropping like flies’ from convention Campaign chief to vulnerables: Stay away from GOP convention MORE (Miss.).

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