On the recordFebruary 11, 2011
This resolution directs the House committees to review Federal regulations for their effect on our economy. I agree with this resolution and I will vote for this resolution. In fact, that is an oversight, of course, that committees should in fact be carrying out without this resolution. Democrats believe that it's important to vigorously review regulations to make sure they are keeping pace with the changing economy, and that's why President Obama has already issued an executive order that calls for such a review. Where regulations are duplicative, where they stifle innovation and entrepreneurship, where they hold job creation back without protecting consumers, they should be revised or ended. But let's also remember that Federal regulations keep our drinking water and our air clean, protect our children from unsafe toys and food, put a check on abusive practices of insurance companies and credit card companies, and help control the kind of Wall Street gambling that wrecked our economy just a few years ago. As a matter of fact, even though regulations were on the books, we know they were not enforced, which led to literally the loss of trillions of dollars by homeowners, individuals and businesses. We want regulations that protect Americans and foster economic growth and will call the committees to review regulations with both of those goals in mind.
