Deborah Koff Ross: “The commission is permitted, under this bill, to spend $30 million over 5 years for administrative purposes. By removing…”

“The commission is permitted, under this bill, to spend $30 million over 5 years for administrative purposes. By removing the funding in this amendment, the commission will not be able to hire staff, rent office space, establish the public website as required in the bill, or hold the public meetings, which are also required in the bill. This amendment essentially guts the bill. The commission established under this bill has a momentous job ahead of it. The Code of Federal Regulations totals more than 178,000 pages. This is approximately 36,000 pages of regulations for review every year of the 5 years the commission has to conduct its work. But it is not just simply reading the pages. There is work behind understanding whether the regulations are effective. There is outreach and public hearings to understand how the regulations are or aren't effective. I believe the savings from eliminating unnecessary costs and the improved efficiency from weeding out unneeded regulations will far outweigh the resources applied to this effort. The Competitive Enterprise Institute estimates that regulations impose a cost on the economy of $1.8 trillion. Who bears that cost but the consumers? This amendment would gut the bill. $30 million over 5 years is more than reasonable, considering the economic impact that these regulations have had on the American business and the American economy. I urge my colleagues to oppose this amendment and support the bill. Mr.…”