Political Quotes

“I thank the gentleman for yielding. Mr. Chairman, the Harvard Business School's United States Competitiveness Project has outlined eight actions it recommends that Congress take to make America the most economically competitive place in the world to do business, not just to increase corporate profits, but to increase wages for working people across America. Among those eight steps, which include immigration reform, responsible Federal budgeting, tax reform, and investing in infrastructure and research, is simplifying Federal regulation. The idea is not to lower standards but to regulate more intelligently, keeping in mind costs and benefits, and focusing on outcomes rather than compliance methods. I am in lockstep agreement with the Harvard Business School and with House Republican leadership and with many of my Democratic colleagues on the objective of simplifying and streamlining Federal regulation. But what frustrates me today is that the House Republican leadership's so-called SCRUB Act has no chance of passage, and they know it. Because it requires costs to be arbitrarily cut, with no policy goal, and makes it hard to do even good rulemaking in the future, it has virtually no support among Democrats, including, most notably, the President of the United States, who would have to sign the bill for it to become law.…”