Political Quotes

“Americans face a regulatory burden with staggering costs to our economy and with substantial impacts on family budgets. A recent paper by the Competitive Enterprise Institute estimates that the cost of Federal regulations to the economy exceeds $1.8 trillion. The American Action Forum predicts that $143 billion in new regulations may be finalized this year. These figures are very troubling. That is why the bill we are considering is so important. H.R. 2804 reforms the regulatory process and will help promote the economic growth we so desperately need to get our economy booming again and add jobs. The amendment that I offer today with my friend, Mr. Barr, is simple and one that I hope my colleagues on both sides of the aisle will support. If a regulation decreases employment or wages by 1 percent or more in an industry, it will be subject to heightened review and additional transparency requirements. The amendment also requires agency heads to certify that they knowingly approved a rule that will result in lost jobs or reduced wages. The principle is simple: If Federal bureaucrats are going to implement rules that take wages or jobs from Americans, they should take responsibility for their decisions. It is important that Washington bureaucrats think through the impacts, the costs, and the burdens that red tape imposes on American families and communities. Bureaucratic elites are regulating solid, good-paying jobs right out of existence.…”