Barry Loudermilk: “I thank my colleague from Louisiana for working with us on combining two really good amendments to this. Mr. Chairman…”

“I thank my colleague from Louisiana for working with us on combining two really good amendments to this. Mr. Chairman, we live in an era right now of vast growth of our government. Those that are bearing the burden of this growth and this overregulation are the American people. The average American family pays $15,000 a year in hidden regulatory costs. The burden of regulation upon the market and upon the industry today in our businesses is almost $1.9 trillion, nearly a $2 trillion impact on our economy that is coming out of our GDP. If we want to see a recovery, if we want to actually see success in this Nation in our economy, let's reduce the regulation. But we live in an era right now where the mentality of this government is: if it breaths, tax it; if it doesn't breath, subsidize it; and if it is successful, then we will regulate it. All this amendment does is require that these regulatory agencies be honest with the American people, be transparent with the American people, and let the American people know the cost that is going to come out of their pocketbooks for increasing regulation upon Americans, upon individuals, and upon their businesses. I thank the gentleman for stepping forward and working with us on this amendment.”