This is the second time during President Obama's term that he used pocket veto. President Barack Obama will not sign a bill that consumer advocates say would allow banks to more easily send homes into foreclosure, the White House announced Thursday, citing the legislation’s “unintended consequences.” This bill was intended to make it easier for business owners to conduct business across state lines by making out-of-state notarizations more easily recognized. President Obama was worried that this bill will make it easier to foreclose on a homeowners. The White House noted that the bill was designed to ease restrictions on interstate commerce. "While we share this goal, we believe it is necessary to have further deliberations about the intended and unintended impact of this bill on consumer protections, including those for mortgages, before this bill can be finalized." I may not be President Obama’s biggest fan, but I applaud him for this veto!
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