James Comer: “My amendment is a manager's amendment to enhance in two ways this already very good bill. First, my amendment expands…”

“My amendment is a manager's amendment to enhance in two ways this already very good bill. First, my amendment expands the bill's coverage. Instead of just covering executive orders with more than $1 billion in annual effect on the Federal budget, it would also cover executive orders with overall economic impact on our Nation's economy of $1 billion or more. We should have inflation-impact assessments for executive orders with such significant economic effects. One such order, for example, would surely be Executive Order No. 13992, by which President Biden revoked President Trump's major regulatory reform orders. As we all know, President Trump's orders contributed massively to the booming economy America had during the last administration. Beyond doubt, their revocation inflicted more than $1 billion of annual harm on the economy. Their repeal also makes it harder for American companies to produce a host of goods and services. That will raise inflation by making those goods and services scarcer and more costly. Other good examples are Executive Orders Nos. 13990 and 14008. These are whole-of-government executive orders by President Biden on climate policy. These orders canceled the Keystone pipeline and launched a host of high-cost regulatory actions, particularly affecting energy. Those executive orders surely contributed to the sky-high energy inflation Americans have experienced under President Biden.…”