Political Quotes

“Madam Chair, I yield myself such time as I may consume. Madam Chairman, the majority deliberately downplays the benefits of regulation and exaggerates the cost of regulation, when in fact, the benefits of regulation far exceed the costs, whether those benefits are defined in monetary terms or in terms of promoting values like protecting public health and safety, and ensuring civil rights and human dignity. The explosion that occurred down in Texas not too long ago that wiped out an entire town, I believe it was a fertilizer plant. Many lives lost. If there had been adequate legislation and adequate regulation to protect those people and the workers in the plant, then those folks would still be here today. What we are doing with this legislation is preventing the promulgation of the kinds of rules that would protect the health and safety of people throughout America, not just workers, but people who have to eat, people who have to drink, people who have to breathe. The benefits of regulation far outweigh the costs. {time} 1730 A 2012 draft of the Office of Management and Budget report to Congress on the costs and benefits of regulations concluded that the net benefits of regulation promulgated through the third fiscal year of the Obama administration have exceeded $91 billion.…”