The Kentucky Republican's legislation would apply to federal contests.
Sen. Dean Heller (R-Nev.) wants to change the operations at the Federal Communications Commission.
A new study found most countries do not have rules in place to address virtual currencies.
"The president doesn't have the power to waive the law," Rep. Tom Rice said.
The remarks are part of an administration initiative emphasizing treatment over jail time.
Omnibus includes small spikes to CFTC, SEC despite Dodd-Frank workload.
The Securities and Exchange Commission's (SEC) crowdfunding rules for raising small amounts of money online are a “deal-breaker” for most small businesses, House Republicans said Thursday.
The trillion-dollar spending legislation is set to pass the House on Wednesday.
The legislation, penned by Rep. Kevin Brady, is among a raft of bills offered by Republicans to target federal regulations.