Jerry Nadler: “The nonpartisan Congressional Research Service has previously noted that estimating the total cost of regulations is…”

“The nonpartisan Congressional Research Service has previously noted that estimating the total cost of regulations is inherently difficult and that such estimates of the cost of regulation should be viewed with a great deal of caution. Like the OMB, CRS has noted that there are significant methodological challenges to estimating and aggregating the total costs and benefits of rules. I rise in opposition to this amendment as it requires the OMB to make a specific determination of a rule's impact when they already say it is difficult to make an estimate of the impact. This amendment requires the OMB to do the impossible, to make a specific finding when OMB and CRS have already said that even estimates are very difficult and inherently unreliable. To request a finding is to request the impossible, and, therefore, I oppose this amendment. Mr. Chair, I reserve the balance of my time.”