Kevin Roberts: “I recently introduced a bill called the Regulatory Responsibility for Our Economy Act of 2011--it is S. 358-- and I…”

“I recently introduced a bill called the Regulatory Responsibility for Our Economy Act of 2011--it is S. 358-- and I would urge my colleagues who would like to, after hearing my remarks, to cosponsor this. I realize the bill is a mouthful--the Regulatory Responsibility for Our Economy Act--but I think it is appropriate. This bill would strengthen and codify President Obama's Executive order from January 18. In that Executive order, the President made a commitment to review, to modify, to streamline, to expand or repeal-- that is a lot of things, to review, modify, streamline, expand, and repeal--those regulatory actions that are duplicative, unnecessary, overly burdensome, or would have significant economic impacts on Americans. So the Regulatory Responsibility for Our Economy Act of 2011 would ensure just that. My legislation would require that all regulations put forth by the current and future administrations--regardless of the President-- consider the economic burden on American businesses, ensure stakeholder input--i.e., the people who are affected--during the regulatory process, and promote innovation.”