Nydia M. Velazquez: “I thank the gentleman for yielding. Mr. Speaker, here we go again with another piece of misguided legislation, but this…”

“I thank the gentleman for yielding. Mr. Speaker, here we go again with another piece of misguided legislation, but this one will jeopardize the health and safety of the American people to benefit corporate America and polluters. Let's be clear. The protections that will be overwhelmingly targeted by this measure are not so-called midnight regulations. These are rules that went through significant vetting. There are a host of statutes that govern how regulations are crafted. From the Administrative Procedure Act to the Regulatory Flexibility Act, to the Unfunded Mandates Reform Act, to the Paperwork Reduction Act, there are numerous processes to ensure regulations are written in a way that protect the American people while preventing overreach. Mr. Speaker, as the ranking member of the Small Business Committee, I am well acquainted with the need to ensure that the regulatory process is balanced. No one here supports overregulation; but, at the same time, we cannot eliminate safeguards that have a proven record of protecting the American public. This bill also has the potential to create significant regulatory uncertainty for the same small businesses my colleagues say they are trying to help. At its core, this bill is about enabling the largest and most powerful corporations to run rampant--without accountability. The legislation before us could result in less protections for consumers, and it could strip away workplace protections. We should reject this bill.…”