Mr. Chairman, I rise in support of my amendment to prohibit the Office of Management and Budget, OMB, from implementing its April 6, 2023, revisions to OMB Circular A-4. These revisions are an attempt to rewrite and water down the regulatory guardrails currently in place so that the Biden administration can promulgate regulations that dramatically overstate the benefits and underrepresent the costs. The Biden administration has big plans to spend your hard-earned money and reshape your way of life. They are working to concoct all manner of massively expensive regulations, including rules on climate change, social equity, income redistribution, and creating a ``social cost of carbon.'' However, even the profligate Biden administration has realized that it faces checks and guardrails on its regulatory authorities as a result of OMB's Circular A-4, which provides objective and nonpartisan guidance to agencies for considering the impacts of different regulatory actions. OMB Circular A-4 came from a 1993 Clinton-era executive order providing agencies with a framework and guardrails for considering different regulatory approaches that truly maximize benefits for the American people and minimize costs. The April 6, 2023, revisions to OMB Circular A-4 are a departure from bipartisan and widely accepted practices and principles and are a thinly veiled attempt to push through the radical leftist agenda by stacking the deck in favor of extremely costly regulations.…
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