Rob Portman: “I am not saying that prospective regulations would not come under this very limited title II of the bill. Absolutely…”

“I am not saying that prospective regulations would not come under this very limited title II of the bill. Absolutely, they should. That is the whole point, is to get a written assessment of the cost of new regulation. What I said, and where the gentleman perhaps misunderstood me, was that does not stay the promulgation of new regulations. All it says is we want to have written costs of benefits.”