On the recordSeptember 21, 2016
Once again, the REVIEW Act applies to all new billion- dollar rules. The bill's relief is urgently needed. Failures to require stays of billion-dollar rules during litigation wastes billions of dollars in unnecessary compliance costs and resources that are needlessly paid. Those costs are essential to job creation, productive investment, and economic recovery. These costs should not have to be incurred during ultimate successful litigation challenging new billion- dollar rules. If education rules like those the amendment would carve out are needed, the relevant agencies can avoid the bill's application by coming up with effective regulations that cost less than $1 billion a year. That is a goal to be pursued, not blocked, especially when it is the presence in higher education that is actually driving up much of the cost concerning the upward spiral in the cost of higher education. If, in an unusual case, a needed solution truly must cost a billion dollars a year or more, then, once again, the decision to adopt that solution is a decision Congress should make, not an agency. With all due respect, my friend and I have worked on legislation together. I have a list here of the billion-dollar rules and there is nothing--not one name on here--that has anything to do with the Department of Education. Furthermore, I would love to work on a piece of legislation reducing the cost of post-high school education with my colleague. I didn't start college until after I was 30.…





