On the recordAugust 1, 2013
The amendment carves out of the REINS Act Congressional Approval Procedures regulations that the Office of Management and Budget determined will lead to net job creation. The danger in the amendment is the strong incentive it gives OMB to manipulate its analysis of a major regulations job impact. Far too often, OMB may be tempted to shave the analysis to skirt the bill's congressional approval requirement. In addition, regulations alleged to create new jobs often do so by destroying real existing jobs and creating new hoped-for jobs associated with regulatory compliance. For example, some Environmental Protection Agency Clean Air Act rules will shut down existing power plants. EPA and OMB may attempt to justify that with claims that more new green jobs will be created as a result. In the end, that is just another way in which government picks the jobs winners and the jobs losers. And there's no guarantee that all of the new green jobs will ever actually exist. And I would cite Solyndra as perhaps the best evidence of promised jobs that don't exist and cost the taxpayers half a billion dollars. The REINS Act is not intended to force any particular outcome. It does not choose between clean air and dirty air. It does not choose between new jobs and old jobs. Instead, the REINS Act chooses between two ways of making laws. It chooses the way the Framers intended, in which accountability for laws with major economic impacts rests with Congress.…





