Every day small businesses and local governments are weighed down by Washington's numerous regulations. H.R. 50, the Unfunded Mandates Information and Transparency Act, acts to curb the constant rules and regulations that Washington continues to impose on the American people. This law builds on and improves the bipartisan legislation, the Unfunded Mandates Reform Act of 1995, which was enacted to promote transparent decisionmaking and curb unfunded Federal mandates. However, due to loopholes and exemptions, UMRA has failed to keep unfunded mandates off the backs of local governments and taxpayers. I would like to thank Congresswoman Foxx for introducing this bipartisan legislation to close these gaps, hold Washington accountable, and better protect our fellow Americans. Importantly, this bill will do three things: one, it will close loopholes that allow agencies and independent regulators to forgo UMRA analysis; two, it enables stakeholders to engage Federal agencies before unfunded mandates are implemented; and three, it holds regulators accountable through the courts and congressional oversight. I am reminded every day that we were elected to bring change to Washington, and this reform is exactly what needs to be sent to the President's desk.
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