Don Nickles: “One of the reasons Senator Reid and I worked so hard and we passed the Congressional Review Act was that Congress would…”

“One of the reasons Senator Reid and I worked so hard and we passed the Congressional Review Act was that Congress would review regulations that had a negative impact or an impact on the economy in excess of $100 million a year. That makes sense. The idea of, wait a minute, should you have regulatory agencies passing measures that have a profound impact on the economy without holding Congress accountable? Congress should have some say. And sometimes do the regulatory agencies go too far? Sometimes it is their own fault. Sometimes we tell them, to pass some regulation and make the world safer, sounder, cleaner, whatever, without considering the cost or impact. We have done that in Congress. What we did when we passed the Congressional Review Act was say we should review those regulations if they have an economic impact in excess of $100 million and find out how does this make sense. Is it a good deal? Is it a good deal for the economy? Is it a good deal for taxpayers to invest this kind of money? Congress should have a say. The bureaucrats who write the regulations are not elected; we are.”