On the recordJanuary 13, 2015
We are more than 6 years into the Obama administration. Real unemployment is still a massive problem in this country. America's labor force participation has dropped to record lows. The nominal unemployment rate is down, but that is because desperate Americans dying for work are abandoning the workforce in droves. The only real, long-term solution is to restart the engines of economic growth in this country. One way to do that is to pass the Regulatory Accountability Act. This bill promises real relief from our $1.86 trillion-per-year regulatory cost nightmare. If enacted, it would change night to day in terms of the level of regulatory costs Washington imposes on American families--without stopping one needed regulation from being issued. My friends across the aisle say that won't happen. They say the bill will bring all good rulemaking to a halt. My goodness, it is ObamaCare all over again. My friends across the aisle haven't read the bill. You have to read the bill to know what is in it. If you read the bill, you understand it. You see right there on page 27: The agency shall adopt the least costly rule considered during the rule making . . . that meets relevant statutory objectives. Take away a few key words and what does that say? The agency shall adopt the . . . rule . . . that meets . . . statutory objectives.…





