This amendment is a simple amendment. Earlier this year, as part of the Fiscal Responsibility Act, we enacted for the first time ever an Administrative Pay-Go. We put a provision in place that said if this administration is going to try and put regulations in place that cost in excess of $100 million, then they have to offset those costs, meaning they have to rescind other regulations, to offset that cost on American taxpayers, therefore, the net cost would be zero. If you are going to put $100 million in new burden-requiring regulations in place, impacting American households and businesses, you have to rescind $100 million worth of regulations on American families and American businesses. This amendment takes it to the next level. When our constituents elect us to office, they expect us to be here representing them, yet during this administration's first 2\1/2\ years, they attempted to put additional costs or heap additional burdens to the tune of $1.5 trillion on American taxpayers. Mr. Chairman, I want you to think about that for just a minute. It is effectively the President of the United States, one person, unilaterally spending $1.5 trillion. That is effectively what we are going to spend in discretionary spending this year and it is one person doing it without any action by the Congress. What this amendment does is, it says it is fine.…
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