Gingrich on Inauguration Day: Repeal Obamacare, Sarbanes-Oxley, Dodd-Frank

Newt Gingrich plans to repeal Affordable Care Act, Sarbanes-Oxley, and Dodd-Frank on inauguration day.

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If former House Speaker Newt Gingrich is elected president, he has a busy first day planned.

At his speech at the Republican Jewish Coalition's 2012 Republican Presidential Candidates Forum this afternoon, Gingrich urged attendees to help vote a large Republican majority into the House and Senate in 2012 so Congress could immediately pass repeals of the Affordable Care Act and the financial regulations Sarbanes-Oxley and Dodd-Frank.

They should do so early in January, "before I am sworn in," he said. "Bring it out during the inaugural so we can finish signing it."

And within hours of his inauguration, he'd move the U.S. Embassy in Israel from Tel Aviv to Jerusalem, which would signal the United States believes Israel owns the contested capitol city. Presidents Clinton, Bush, and Obama have all delayed moving the embassy for diplomatic and national security concerns.

[Read: Newt Gingrich rips Panetta's Israel policy speech.]

Gingrich also indicated to great applause that he'd invite former Ambassador to the U.N. John Bolton, who has a pro-Israel record, to be his secretary of state. But he had one condition: "I will only appoint him if he will agree that his first job is the complete and thorough transformation of the State Department," he said, "and the replacement of the current Foreign Service culture with a new entrepreneurial and aggressive culture dedicated to the proposition that defending freedom and defending America is the first business of the State Department."

He had criticized the nation's diplomatic corps earlier in the speech for a U.S. policy removing the word "Islam" from antiterrorism training literature. "I am very, very worried about our entire relationship with radical Islam because it is based on a pack of lies," he said. "It's based on a pack of self-deception. It's based on a State Department which is consistently engaged in appeasement."

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