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Secretary Thompson announced a similar delay in rules for another federal program, the Children's Health Insurance Program.
While the bill does not call for a specific solution, the enforced delay in rules that would provide investors with better information "is interfering with the private-sector standard-setting process," he argued.
Many environmentalists are even more frustrated about the delay in rules that would regulate fine particulate matter, which measures less than 2.5 micrometers, or about 1 / 30 the width of an average human hair.
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The onslaught prompted significant delays in rule-writing.
Not insignificantly, this would create major delays in rule making.
The Securities Industry Association, representing 700 firms, had pushed for a delay in enacting rules on analysts' conflicts.
A year earlier, the administration instituted a one-year delay in enforcing rules requiring companies to report their health insurances costs on employees' tax forms.
Regardless of the delay in the rules' effect, he said that state control existed now "as a practical matter" and could halt any rush to approval by developers with pending proposals.
Part of the delay in the rules, a source close to the negotiations said, was the Obama administration making sure they did not interfere with any foreign trade obligations.
However, there is no question that the agency has acted with less than reasonable speed in this case, as demonstrated by its 18 month delay in revoking rules declared unconstitutional by the Court of Appeals in Pearson I. Consequently, the Court anticipates that the agency will complete its task within 60 days.
Business groups including the U.S. Chamber of Commerce -- which largely opposed the health care law called the Affordable Care Act, or ACA -- have long sought a delay in the rules requiring them to report on their employees' health coverage and to pay penalties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com