Pete Domenici: “Frankly, I believe the subject matter of the Nickles amendment belongs on this bill. I do not know, maybe it could not…”

“Frankly, I believe the subject matter of the Nickles amendment belongs on this bill. I do not know, maybe it could not have been put there because of jurisdictional issues. As the distinguished Senator, Senator Hollings, produced this bill, it might have been difficult to report out of his committee a measure that perhaps belongs partially before the Governmental Affairs Committee or some other. But this country desperately needs to recognize that whether we believe it or not, when we pass laws and regulate our businesses we have a premise that is a secret premise. Whether we believe it or not, it is true. It sort of says: Anything worth doing is worth overdoing. That is where we are when it comes to the regulatory malaise in this country. We do not even have an idea of what the regulations say or how they are interpreted from some simple little law that we pass talking about safety.”