Recognition…Erin Schaff / The New York Times
President Trump is rushing to enact a series of new rules and regulations designed to shape the economy, trade and economy ahead of President-elect Joseph R. Biden’s inauguration on Jan. 20. Here are some changes The administration is hurrying to make.
Define gig workers as contractors. The Department of Labor released the final version of a rule on Wednesday that would allow millions of workers in industries such as construction, cleaning and the gig economy to be classified as contractors rather than employees. This is another step in validating the business practices of companies like Uber and Lyft. – Noam Scheiber
Limiting banks in social and environmental issues. The Office of the Currency Validator is accelerating a proposed rule that would prohibit banks from lending to certain types of companies, such as those in the fossil fuel industry, for environmental or social reasons. The regulator presented the proposal on November 20, limiting the time to accept comments to six weeks despite the holidays being interrupted. – Emily Flitter
Roll back a lightbulb rule. The Department of Energy has decided to block a rule requiring incandescent lamps to expire, which people and businesses are increasingly replacing with much more efficient LED and compact fluorescent lamps. Energy Secretary Dan Brouillette, a former auto industry lobbyist, said in December that the Trump administration does not want to limit consumer choice. The regulation was due to come into force on January 1st and was made mandatory by a law passed in 2007. – Ivan Penn