On the recordMarch 2, 2017
My amendment is simple. It would require an executive agency to report any new rule or regulatory action that would duplicate or otherwise overlap with existing agency rules and regulations. 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. When the House passed the REINS Act in January, I offered an amendment to require at least 1 rule be overturned for every new rule finalized by the executive branch. President Trump recently took that one step further by issuing an executive order which required at least 2 rules be overturned for every new rule. My amendment builds on those initiatives by requiring any agency issuing a duplicative regulation to indicate as much when making the online disclosure required by the underlying bill. The truth is, the federal government is all too often a fountain of unnecessary regulations.…