Spencer Bachus

The REINS Act is commonsense legislation that does that, and I invite all of my colleagues to work together to ensure it becomes law during the Congress and restore the sense of balance established in the Constitution.

Communities will continue to worry about their cement plants shutting down, as is the case in my district, just to clear the way for cement imports from dirtier plants in Mexico or China.

The Administration has made plain that if it cannot persuade the people's representatives to adopt its legislative agenda, it intends to force that agenda on the people through regulation.

The Small Business Administration has confirmed that small businesses pay a disproportionate share of this regulatory burden.

The cost it imposes and the uncertainty it creates are choking America's economy.

Today's regulatory system fails the test.

Regulations help to implement policies Congress has established by statute.

Addressing fee-for-services in our medical system was driving up costs.

One of my top priorities in this Congress will be to do everything possible to reduce the regulatory burdens.

Let me be clear. Congress cannot sit silent while America's economic growth is imperiled.

I think that overburdening regulations, along with higher taxes, as well as other costs being passed along to employers, such as through the Affordable Care Act, are strangling our economy.

We get offended every day, so don't worry about that. That is not a problem.

I think every regulation that requires a private sector entity to undertake a certain action and expend funds can rightly be called a tax.

The President stated in his Executive Order 13653 on improving regulations, and regulatory review and our regulatory system should promote economic growth.

Government has a role, but government's role is not at the expense of business.

Fee-for-services in our medical system was driving up costs, and that addressing that would change the entire dynamics of the debt.

We could actually raise the retirement age for Social Security in the future by 2 months and save more money than this sequester will save.

I am committed to restoring accountability and providing relief from excessive regulation to our Nation's small businesses and job creators who need it most.

Congress ought to come together and make long-term structural changes in our entitlement programs.

Without objection, all Members shall have 5 legislative days to submit to the Chair additional written questions.

I think that your next hearing will be in the Senate on the 19th.

Thank you for your testimony.

This is one of the most persuasive arguments from everything I have read for the merger.

We have a bankruptcy law which allows you to go into bankruptcy, and then it allows the creditors, the company, the pension, the CBGC to agree on the best route out of bankruptcy.

Rather than rushing to judgment, my hope is that everyone involved will take care to evaluate the evidence and do what is best for competition and consumers.