Mark Kelly: “the Truth in Regulating Act represents the culmination of nearly 4 years of hard work and is an effort that will provide…”

“the Truth in Regulating Act represents the culmination of nearly 4 years of hard work and is an effort that will provide Congress with a new resource for reviewing new government regulations before they take effect. This is not the bill I had hoped for, but I accept it as a good place to begin. I first introduced this legislation during the 105th Congress with the goal of giving Congress the tools it needs to oversee the steady stream of new and often costly regulations coming from the Federal Government. Government regulations have an impact on every American, Mr. Speaker. In most cases, regulations speak to a noble purpose and can often be viewed as a measure of the value that we place in protecting such things as human health, workplace safety, or the environment. Yet too often government oversteps its bounds in an attempt to achieve these goals, and we all pay the price as a consequence. The price of regulations poses a particularly heavy burden on small businesses and manufacturers, those entities which make up the very thing that drives our economy forward. Estimates vary on the annual cost of government regulations. The Office of Management and Budget estimates $3 billion a year while other estimates run as high as $700 billion every year.”