I thank the gentleman from Virginia for his help on this amendment as well. It is an amendment designed to take an already very good bill and make it just a little better. A good friend of mine, former Indiana Governor Mitch Daniels, used to say ``you'd be amazed how much government you'll never miss'' when talking about reducing the size of government bureaucracy. So much of government's excess is created by unelected officials who wield enormous influence over our everyday lives. Last year, Federal agencies issued 18 rules and regulations for every one law that passed Congress. That is a grand total of 3,853 regulations in 2016 alone. In 2015, Federal regulations cost the American economy nearly $1.9 trillion--T, trillion dollars--in lost growth and productivity. Think about that for a second. A $1.9 trillion tax, a government burden on the American people. That means lost jobs, stagnant wages, and decreasing benefits for workers. My amendment looks to help change all that. Very simply, my amendment requires every agency issuing a new rule to first identify, then repeal or amend at least one existing rule to offset any annual costs the new rule would have on the U.S. economy. This isn't some new radical idea. President- elect Trump announced his administration will implement a new practice that for every new regulation, two would have to be repealed.…
Luke Messer: “I thank the gentleman from Virginia for his help on this amendment as well. It is an amendment designed to take an…”
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