Political Quotes

“My amendment, cosponsored by Subcommittee on Government Operations' Ranking Member Gerry Connolly, would exempt independent agencies from the requirements of this bill. Independent agencies serve an important role in protecting the American people from a range of threats, including the collapse of our financial markets and health and safety risks. Agencies such as the Consumer Financial Protection Bureau, the Securities and Exchange Commission, and the Consumer Product Safety Commission are designed to independently regulate the industries they cover. These agencies are not required to obtain approval for their rules from the Office of Information and Regulatory Affairs, as other executive branch agencies must do. The reason independent agencies are treated differently is to protect them from political interference in their rulemaking. The SCRUB Act would jeopardize the independence of these agencies by subjecting their rules to oversight by the Office of Information and Regulatory Affairs. Section 203 of the SCRUB Act would require OIRA to review and certify the cost estimate for every new rule promulgated by an independent agency. This bill would also require independent agencies to comply with the bill's regulatory CutGo requirements. For example, the Consumer Product Safety Commission has a proposed rule that would establish safety standards for infant high chairs.…”