John Glenn: “I regret that I must oppose the amendment offered by my colleague from Wyoming, Senator Wallop. I very strongly support…”

“I regret that I must oppose the amendment offered by my colleague from Wyoming, Senator Wallop. I very strongly support the goals of the Regulatory Flexibility Act, and I realize, as hearings by the Committee on Governmental Affairs have shown, that Federal agencies have done a poor job. They have indeed done a poor job of meeting the Reg Flex Act and requirements for regulatory flexibility for small business and for small governments, also. I agree with Senator Wallop that the act has not lived up to its promise, and its regulatory flexibility requirements do need to be strengthened. I, too, have introduced legislation to accomplish that objective. But I feel that, right now, in the middle of this S. 4 is not the time to consider this particular amendment. The Committee on Governmental Affairs, of which I am chairman, will soon have a second hearing on unfunded Federal mandates on State and local governments. We plan a further hearing on the regulatory burdens on business and the current state of Federal regulatory management.”