Political Quotes

“This amendment would repeal H.R. 50 if GDP remains below 5 percent over the first four quarters after enactment. H.R. 50 is not intended to raise the GDP. It is intended to ensure the Federal Government does not impose costs on State, local, and Tribal governments and the private sector without consulting those entities that are impacted by the regulation. The GDP does not reflect how a given regulatory mandate affects a particular government or private sector industry. However, this amendment would tie the GDP to the future of the entire bill. H.R. 50 gives the private sector an opportunity to give Federal agencies information about how to craft reasonable and effective regulation. After all, State, local, and Tribal governments and private sector entities are often in the best position to anticipate how a proposed regulation will affect their operations. H.R. 50 will help to ensure regulations that impose unfunded mandates are adequately analyzed in order to make these mandates the most effective and least burdensome they can be. I urge Members to oppose this amendment, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Virginia (Mr. Connolly). The amendment was rejected. The Acting CHAIR. There being no further amendments, under the rule, the Committee rises. Accordingly, the Committee rose; and the Speaker pro tempore (Mr. Mooney of West Virginia) having assumed the chair, Mr.…”