On the recordJuly 6, 2016
The amendment fundamentally misunderstands the purpose of this bill. It creates a loophole in the moratorium period for midnight regulations. The bill establishes a regulation moratorium period between election day and the start of a new President's term to allow a new administration to start with a clean slate. This amendment would undermine that principle by allowing outgoing Presidents to simply put a marker down a year before the end of the term to circumvent the moratorium entirely. Further, pushing regulations out the door at the last minute reduces the effectiveness of regulatory review at the Office of Information and Regulatory Affairs regardless of whether the public is aware that an agency is working on the regulation. The unified regulatory agenda, while very important for notice and transparency, does not provide details on the regulation or the expected impact on the economy and small businesses. Simply notifying the public that an agency is considering regulating in a particular area is insufficient to ensure that regulatory analysis at the agency and at OIRA has been thoroughly evaluated. Agencies can simply wait until the start of the next President's term to issue regulations, giving everyone more time to make sure they have gotten it right. Mr. Chairman, I oppose this amendment, and I urge my colleagues to vote against it. I reserve the balance of my time. {time} 1730





