As I have already discussed on the Senate floor, an Executive order was issued by the President on January 18. It was a good order. I applauded that order. It committed all Federal agencies to review regulations and then to try to remove any that placed unreasonable burdens on our Nation's businesses and/or impact the ability of our economy to grow, to recover. I agree that, in light of our current economic crisis, establishing a regulatory environment that promotes growth and job creation should be the No. 1 priority for this Congress and the administration. I applaud what the President said when he issued the Executive order--that there are some regulations that are duplicative, costly, and unnecessary and, as he said, downright dumb. There was loud applause in farm country, manufacturing, health care, education--you name it. However, after reviewing the Executive order, I remind my colleagues that I was left-- and I hope if you read it you are left--with some larger concerns. Specifically, the order left open a number of very large loopholes. It was an Executive order without teeth.
Editor's note · Context
The speaker discusses the implications of a recent Executive order aimed at regulatory reform.
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