On the recordJuly 14, 1995
the substitute which we offer is basically the same bill as the Roth-Glenn bill, a bipartisan bill, a strong regulatory reform bill that passed Governmental Affairs unanimously. Our substitute would fundamentally change the way that Federal regulatory agencies do business and would achieve meaningful, responsible regulatory reform. The Glenn-Chafee substitute would help prevent regulatory agencies from issuing rules that are not based on good science or common sense and that impose costs that are not justified by the benefits of the rule. At the same time, the Glenn-Chafee substitute would not inhibit or prevent agencies from taking the necessary steps to protect public health, safety, and the environment. The Glenn-Chafee substitute strikes a good balance between reducing the costs and the burdens of Federal regulation while ensuring that needed public protections and benefits are being provided. It would produce better informed decisions without bringing the regulatory process to a standstill or forcing outcomes which are harmful to health and to safety. Under the Glenn-Chafee substitute, all Federal agencies would be required to perform and publish cost-benefit analyses before issuing major rules.
Source
govinfo.gov




