Political Quotes

“we finally have, as the distinguished Senator from Tennessee said, the opportunity to legislate an end to the unnecessarily costly consequences of Federal Government regulations. This legislation that has been introduced by the Majority Leader, which I am cosponsoring, will make it necessary to consider the cost effectiveness of regulations that seek to manage the risks to health, safety, and our environment. In short, it will help ensure that the benefits derived from Federal regulatory actions justify their cost. The Federal regulatory burden has become too heavy and too expensive. There are several recent studies that confirm this. One is a March 1995 publication of the Harvard School of Public Health which analyzed 200 Federal programs and revealed that many highly cost-effective programs were not fully implemented, while other highly cost-ineffective programs were widely implemented. It suggested that a reallocation of resources to more cost-effective programs could save an additional 60,000 lives per year at no increased cost to taxpayers or to the private sector. The conclusion was that we could save the same number of lives, but with a $31 billion annual savings to the American people.”