Political Quotes

“Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, H.R. 998, the Searching for and Cutting Regulations that are Unnecessarily Burdensome Act, also known as the SCRUB Act, was introduced by our colleague Jason Smith. I happen to be a cosponsor of this bill, as well as the gentleman from Virginia (Mr. Goodlatte), the chairman of the Committee on the Judiciary, and the gentleman from Texas (Mr. Sessions), the chairman of the Committee on Rules. We rise in support of this bill, the SCRUB Act. Regulatory accumulation is a significant problem for the Federal Government. Year after year, Federal agencies add regulation after regulation, piling on to an already very complex and crowded regulatory system. The Code of Federal Regulations, also known as the CFR, has some 178,000 pages. These are the regulations that you are supposed to understand if you are in a business--small business, big business, medium-sized business. It contains more than 1 million regulatory restrictions. Every year the Federal Government adds, on average, nearly 12,000 new regulations on top of those. The regulatory accumulation has considerable impact upon our economy. According to the Competitive Enterprise Institute, regulatory compliance hurts economic growth by pulling nearly $1.8 trillion out of the economy. Regulations are particularly hard on small businesses that don't have the legal resources and the wherewithal to understand all of the complexities.…”