Obama threatens to veto any attempt to reform regulatory process

From the Politico:

"President Obama today threatened to veto the “Regulatory Accountability Act” (H.R. 3010), a bill the House is set to take up this week that would revamp the regulatory process. In a Statement of Administration Policy, the White House said the bill “would impose unprecedented procedural requirements on agencies that would prevent them from performing their statutory responsibilities. It would also create needless regulatory and legal uncertainty and increase costs for businesses, as well as state, tribal, and local governments, and further impede the implementation of commonsense protections for the American public.” The White House also threatened to veto the Regulatory Flexibility Improvements Act of 2011.