Unfortunately, all too often it seems Federal agencies do not take into account the impacts to small businesses and job growth before imposing new rules and regulations. And so, I am introducing three amendments to the Small Business Reauthorization bill to force Federal agencies to cut the redtape that impedes job growth. The first of my three amendments requires Federal agencies to analyze the indirect costs of regulations, such as the impact on job creation, the cost of energy, and consumer prices. Presently, Federal agencies are not required by statute to analyze the indirect cost regulations can have on the public, such as higher energy costs, higher prices, and the impact on job creation. However, Executive Order 12866, issued by President Clinton in 1993, obligates agencies to provide the Office of Information and Regulatory Affairs with an assessment of the indirect costs of proposed regulations. My amendment would essentially codify this provision of President Clinton's Executive Order.
On the recordMarch 15, 2011
Editor's note · Context
The speaker is addressing the need for federal agencies to consider the impact of regulations on small businesses and job growth.
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