On the recordDecember 7, 2011
Mr. Chairman, I yield myself the balance of my time. The amendment leaves it to each agency to determine how it will conduct cost-benefit analyses of new regulations. This is regrettable. Each agency will be tempted to design rules that it can manipulate to claim that benefits routinely outweigh costs. The Regulatory Accountability Act, which the House passed on December 2, 2011, calls for agencies to follow uniform guidelines for cost- benefit analyses. This improves quality and prevents deceptive actions by rogue agencies. The amendment undercuts that effort. Similarly, under Executive Order 12866, the President has long required agencies to follow uniform guidelines for cost-benefit analyses. The amendment undermines that requirement, too. I urge my colleagues to oppose the amendment. I yield back the balance of my time. The CHAIR. The question is on the amendment offered by the gentleman from Oregon (Mr. Schrader). The question was taken; and the Chair announced that the noes appeared to have it.
