By some accounts, President Joe Biden has already missed the deadline to close a regulatory loophole — blamed for inflation and identified as a systemic risk to the global economy — without fear that Pres. Donald Trump can blast it back open.
Any time a presidency may be nearing its end, regulators scramble to finalize rules early enough that they’re not easy to undo if the other party takes control. Federal law says regulations passed near the end of the congressional session can be undone with just majority votes in the next Congress — and the signature of the next president.
