Henry Waxman: “This amendment has been worked out in consultation with the majority. Section 201(c)(2) requires an evaluation of…”

“This amendment has been worked out in consultation with the majority. Section 201(c)(2) requires an evaluation of private sector costs associated with major rules that appear to largely duplicate the evaluation required in section 202. Thus the amendment improves the bill by striking an apparently redundant provision. The amendment is also necessary because the language in section 201(c)(2) used vague terms like regulatory requirement that could have been interpreted to cover more than major rules. This amendment eliminates these potential ambiguities. Mr. Chairman, I urge support of the amendment.”