Ted Poe: “Right now there is probably a group of folks down the street at a large oak table in a marble palace, nibbling on their…”

“Right now there is probably a group of folks down the street at a large oak table in a marble palace, nibbling on their $16 Federal muffins, drinking their lattes, typing on their new iPads regulations. They are the regulators. The very term brings fear and trepidation into the hearts of people who work for a living. Meanwhile, 14 million Americans are sitting at their old kitchen table, drinking coffee from their Mr. Coffee pot with no job on the horizon. Small-business owners constantly say that complying with government regulations is the biggest economic problem they face, even more so than the Federal income tax. Bear in mind that we have the highest corporate income tax in the world. Some businesses pack up their bags and even move to places like China. Meanwhile, the U.S. regulators are putting businesses out of business. Now, Congress created the regulators, so Congress needs to fix the problem with the regulators. H.R. 712, the Sunshine for Regulatory Decrees and Settlements Act of 2015, takes a number of commonsense approaches and puts a check on the regulators. Mr. Chairman, there are 175,000 pages of regulations. Do you really think we need that many regulations? One of the most important provisions of this bill is it will require the executive branch to make semiannual and annual disclosures about planned regulations.…”