Political Quotes

“Mr. Chairman, I yield myself such time as I may consume. I offer this manager's amendment to assure that, just as the REINS Act strengthens Congress' check on rules that impose major new costs on the economy, it does not unduly delay the effectiveness of major new deregulatory actions, those that alleviate regulatory burdens of $100 million or more. When first introduced in the 112th Congress, the REINS Act incorporated the definition of major rule in the underlying Congressional Review Act--generally, a rule that has ``an annual effect on the economy of $100,000,000 or more.'' This was done in the interest of consistency with prior terminology, and it swept in both actions that imposed costs and actions that lifted costs. But, especially after the regulatory onslaught we have witnessed during the Obama administration, it is time to revise that definition. We should assure that the REINS Act focuses Congress' highest attention on the rules that hurt the economy the most: those that impose $100 million or more in costs per year. We should likewise make sure that the REINS Act does not impose additional hurdles in the way of the most important and desperately needed deregulatory actions: those that free the economy of $100 million or more in annual regulatory burdens. A deregulatory action with that level of economic effect is one that Congress should be encouraging, not slowing down.…”