Political Quotes

“Independent regulatory agencies impose significant costs on our economy and often impose Federal mandates on State and local governments and the private sector. The Securities and Exchange Commission, the National Labor Relations Board, and the Federal Communications Commission are just a few examples of agencies that impose regulations without consideration of the actual cost or impact on the public. Now, this bill does not prevent agencies from creating regulations. The amendment gives the impression that this will be a wild West, and all of these agencies will be limited. It only asks them to consider the cost and the impact of those regulations and to have some conversation with people on how it could be done less burdensome or less expensive. According to a 2011 Administrative Law Review article: Analysis conducted by independent regulatory agencies is generally the minimum required by statute. In many instances, the independent regulatory agencies appear to be issuing major regulations without reporting any quantitative information on benefits and costs. OMB's 2013 draft report to Congress on the benefits and costs of Federal regulations and unfunded mandates provides a limited view of the cost-benefit analyses conducted by a limited number of independent regulatory agencies. For major rules issued by agencies included in the report, more than 35 percent were issued without any cost-benefit analysis at all.…”