On the recordFebruary 28, 2023
I thank the distinguished ranking member of the subcommittee for her leadership on refuting this legislation. After 2 years of rooting for economic failure and blaming President Biden for everything; for post-COVID global inflation, for the instability caused by supply chain breakdowns, and the phenomenal failure of Donald Trump's mismanagement of the coronavirus pandemic, after all that, after all the whining and crying about inflation, Republicans finally have the chance to take center stage, right now, with their proposed solution to the problem of inflation. The world has been waiting with bated breath. Would it be what Richard Nixon did, wage and price controls? Would it be what Herbert Hoover, that Republican did, total laissez-faire, whatever happens, happens? Well, the long wait is over. The GOP has now debuted their big plan for dealing with inflation in America with H.R. 347, something called the REIN IN Act, which stands for the Reduce Exacerbated Inflation Negatively Impacting the Nation Act. It is a bill for a mandatory reporting requirement related to executive orders that might apply to two or three executive orders a year. You got that right: A reporting requirement related to a handful of executive orders every year is the GOP's response to inflation after barnstorming the entire country, claiming that they had some kind of solution.…





