On the recordAugust 2, 2013
On the floor of this House in 2011, the President of the United States promised the American people that ``to reduce barriers to growth and investment . . . when we find rules that put an unnecessary burden on businesses, we will fix them.'' That very month, the President issued an executive order that said ``our regulatory system . . . must promote economic growth, innovation, competitiveness, and job creation.'' He said our regulatory system ``must identify and use the . . . least burdensome tools for achieving regulatory ends.'' He said our regulatory system ``must take into account benefits and costs.'' He was right. When our regulatory system doesn't do these things, it kills jobs, suppresses growth, and locks us ever further into economic stagnation. But, Mr. Speaker, those were just the President's words. His actions have been starkly different. Since 2011--indeed, throughout the President's administration--a flood of new major regulations have been burying America's job creators and households at record levels. As a result, economic growth is down; America's competitiveness is down; job creation is down. Regulatory costs are up. The President isn't reducing barriers to growth and investment. He isn't fixing unnecessary burdens on business. He's piling them on.…





