Mr. Speaker, I rise in opposition to the motion to recommit. The SPEAKER pro tempore. The gentleman from Utah is recognized for 5 minutes.

Mr. Chairman, to take a metric of the gross domestic product, the entire economy, and then have that be the weighted factor by what may happen to a dairy farmer, for instance, who is out there in Utah or Kansas or Colorado is not the way…

Mr. Chair, how much time remains? The Acting CHAIR. The gentleman from Utah has 3\1/2\ minutes remaining.

I thank the gentleman, and I appreciate my colleague from Virginia. I appreciate his tenacity and good work on these issues and on the Committee on Oversight and Government Reform. But I do have to suggest that if the economy is…

Mr. Chairman, I yield myself such time as I may consume. I want to highlight, again, that when there was a report done by the GAO, they found that 90 percent of retrospective regulation reviews led agencies to revise, clarify, or eliminate…

Mr. Chairman, a cost-benefit analysis prior to the implementation of a regulation requires a number of assumptions that make an accurate analysis difficult, if not impossible. H.R. 50 allows committee chairmen and ranking members to ask…

Mr. Chairman, I rise in opposition to the amendment. The Acting CHAIR. The gentleman from Utah is recognized for 5 minutes.

Mr. Chairman, I yield myself such time as I may consume. The one who is in the power position, the one who has got the resources, the one that has got the attorneys is the government. The government is the one that has got all the cards…

Mr. Chairman, I am pleased to yield 3 minutes to the gentleman from North Carolina (Mr. Walker).

Mr. Chairman, I am pleased to yield 1 minute to the gentleman from California (Mr. McCarthy), the distinguished majority leader. Mr. McCARTHY. I thank the gentleman for yielding. Mr. Chairman, there are many parts of government that like…

Mr. Chairman, I am pleased to yield 3 minutes to the gentleman from North Carolina (Mr. Meadows).

Mr. Chairman, I yield myself 1 minute. It would be inaccurate and inappropriate to suggest that this bill bypasses individuals. To the contrary, the bill says, ``and impacted parties within the private sector.'' The definition of ``private…

Mr. Chairman, I am pleased to yield 3 minutes to the gentleman from Georgia (Mr. Jody B. Hice).

Mr. Chairman, at this time, I am pleased to yield 5 minutes to the gentlewoman from North Carolina, Dr. Foxx, the prime sponsor of this bill.

Mr. Chairman, I appreciate Congressman Reed and what he is trying to do here. I think this makes a lot of sense. His amendment asks agencies to consider the effects of regulatory action upon private property owners. The amendment furthers…

Mr. Chair, I yield myself such time as I may consume. Mr. Chairman, this bill was referred to three other committees other than the Committee on Oversight and Government Reform. We have been in contact with all of them--Judiciary, Budget…

Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days within which to revise and extend their remarks and include extraneous materials on H.R. 50. The SPEAKER pro tempore (Mr. Stewart). Is there objection to the…

Mr. Chairman, that is some good creative thinking right there. I reserve the balance of my time.