The bill, it said in a statement, "fails to provide authorities to ensure that the nation's core critical infrastructure is protected while repealing important provisions" of privacy law.
In its own statement, the White House noted that pension funds that "support our nation's teachers, police officers and firefighters" invest in private equity and argued that lawmakers "should be encouraging the S.E.C. to fully implement the enhanced investor safeguards provided in current law, not repealing important protections".
On Tuesday, the White House issued a statement condemning the bill and on Wednesday, President Obama threatened to veto the legislation because it "fails to provide authorities to ensure that the nation's core critical infrastructure is protected while repealing important provisions" of long-established privacy law.
This bill would harm the quality of water for people and businesses across Northern California, and repeals important environmental protections already in place.
William Pryor, a nominee to the United States Court of Appeals for the 11th Circuit, urged Congress to repeal an important part of the Voting Rights Act.
There is simply no good reason to repeal these important protections.
But if those provisions were repealed, systemically important firms would no longer be subject to the law's enhanced scrutiny and capital requirements.
The legislation repeals an important part of the 2010 healthcare law – the requirement that all Americans carry health insurance or face a penalty – as the GOP looks to unravel the law it failed to repeal and replace this past summer.
Waiving the quota, he said, "would simply reward oil companies that have long sought to repeal this very important and successful program," he said in a statement.
DADT's repeal was an important precursor for these improvements. .
The DADT repeal is an important step on the road to equality in the United States.
