I continue to reserve the balance of my time. Mr. McGOVERN. Mr. Speaker, I yield myself the balance of my time. I would like to insert in the Record the Statement of Administration Policy, which is opposed to this legislation. Statement of Administration Policy H.R. 3010--Regulatory Accountability Act of 2011 (Rep. Lamar Smith, R-Texas, and 36 cosponsors, Nov. 29, 2011) The Administration is committed to ensuring that regulations are smart and effective, that they are tailored to advance statutory goals in the most cost-effective and efficient manner, and that they minimize uncertainty. Accordingly, the Administration strongly opposes House passage of H.R. 3010, the Regulatory Accountability Act. The Regulatory Accountability Act would impose unprecedented procedural requirements on agencies that would prevent them from performing their statutory responsibilities. It would also create needless regulatory and legal uncertainty and increase costs for businesses, as well as state, tribal, and local governments, and further impede the implementation of commonsense protections for the American public. The Regulatory Accountability Act would impose unnecessary new procedures on agencies and invite frivolous litigation. When a Federal agency promulgates a regulation, it must already adhere to the requirements of the statute that it is implementing.…
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