On the recordFebruary 27, 2014
I want to thank Congressmen Holding, Collins, and Subcommittee Chairman Bachus for their hard work on this bill as well as committee staff on both sides of the aisle. Four bills combined into one and still under 100 pages will do much to reform, and in some cases eliminate, hundreds of thousands of pages of Federal Government regulations in the future. Mr. Speaker, we are more than 5 years into the Obama administration. Real unemployment is still a massive problem in this country. America's labor force participation is at record lows. The nominal unemployment rate is down, but that is only because desperate Americans dying for work are abandoning the workforce in droves. Everybody knows that the only real long-term solution is to restart the engines of economic growth in this country. If we could just somehow increase our growth rate by as little as 2 additional percentage points, things would begin to turn around. One way to do that is to pass the ALERRT Act. The cost of Federal regulation today is estimated to be a staggering $1.86 trillion. That almost wipes out the $2 trillion this Nation's manufacturers have just produced, the first time in history we have hit that level in 1 year. There is our 2 percent growth right there, and more, gobbled up by the mind-boggling tide of tyrannical regulation flowing out of Washington. If we could just cut our regulatory burdens by a portion, we could turn this economy right around. The ALERRT Act would do that.…





