Todd Young: “If I can intervene here. You would think that during a down economy, what some have called the worst economy since the…”

“If I can intervene here. You would think that during a down economy, what some have called the worst economy since the Great Depression, we would stop piling on. It's the first rule of holes: you stop digging when you find yourself in one. But we continue to dig even though we're in a hole. We pile on new significant regulations on top of the existing significant regulations. There's a portion of this legislation that was offered originally by Congressman Griffin. His name is still on it: Regulatory Freeze for Jobs Act. This places a moratorium on all significant regulations, all of those with $100 million or more economic cost on our economy. This is common sense among my constituents, probably among the vast majority of the American people here, that you just stop piling on the major regulations during a down economy. I'm certainly supportive of this. I think we need to go further. Mr. Tipton of Colorado mentioned the REINS Act. It would be my preference that every time we have any proposed rule or regulation imposing a $100 million cost or more on our economy, it comes back to Congress for a hearing, for an up-or-down vote. We should allow our constituents to weigh in on the manner, tell us how to improve the regulation, tell us if they think it ought to be eliminated altogether, or perhaps they like it. In the end, I think we need to own these significant regulations. You know what?…”