WASHINGTON - Gray wolves might benefit and sellers of investment products might not under President Obama's freezing of all proposed federal-rules changes left unfinished by George W. Bush's administration.
Obama's order, which took effect as soon as he was sworn in Tuesday, gives his administration an opportunity to review numerous pending actions affecting the environment, labor relations, and other fields, and to decide whether to block them.
For example, the Interior Department under Bush had announced plans to remove gray wolves from Endangered Species protections in much of the northern Rocky Mountains. And the Labor Department was in the process of letting companies that manage employee retirement plans to promote additional investment products to plan participants.