You are hereReuters: U.S. Chamber pledges to take Obama policies to court

Reuters: U.S. Chamber pledges to take Obama policies to court

The U.S. Chamber of Commerce is mounting a new legal attack on the Obama administration's regulatory policies just weeks ahead of congressional elections, telling voters that Democrat-driven regulation is hurting the economic recovery.

October 7, 2010- Thomas Donohue, the chamber's president and chief executive, said on Thursday the nation's largest business lobby is beefing up its staff so it can fight health care and financial regulation reform in court.

"Litigation is one of our most powerful tools for making sure that federal agencies follow the law and are held accountable," Donohue said in remarks prepared to be delivered in Des Moines, Iowa.

Donohue, whose group's relationship with President Barack Obama has been tense, used his speech from the Midwest to hammer at Democrats' legislative wins, saying over-regulation "will silence the heartbeat of our economy."

Boosted by voter anger at unemployment, Republicans are expected by many experts to win control of the House of Representatives on Nov 2. and pick up seats in the Democratic-controlled Senate.

The chamber, while saying it endorses Democrats in various campaigns, overwhelmingly favors Republicans in its legislative "scorecard."

The group on Thursday unveiled a new publicity drive with a strong anti-regulation theme, which is designed to complement its legal fight to blunt regulation.

The chamber's litigation approach has already yielded some results. Earlier this week the U.S. Securities and Exchange Commission put on hold their rule giving shareholders more power to influence corporate boards, after the chamber filed a lawsuit over the rule.



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