News bites: Obama’s pick for regs chief faces Senate grilling

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The White House announced its opposition to legislation meant to rein in the Dodd-Frank Wall Street reform Act, but stopped short of a veto threat.

Sen. Bill Nelson (D-Fla.) backed new a plan to boost the potential reward for Medicare fraud whistleblowers from $1,000 to almost $10 million.

Walgreens agreed to pay $80 million over allegations it allowed drugs like oxycodone to be purchased for abuse and to be sold on the black market.

Sen. Ted Cruz (R-Texas) said regulators are stifling innovation in the marketplace.

The U.S. Fish and Wildlife Service announced plans to list all chimpanzees as endangered, even those in captivity.

Send all of your comments, gripes and regulatory news tips to RegWatch via bgoad@thehill.com or jhattem@thehill.com.

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