Political Quotes

“Mr. Chairman, I thank the distinguished ranking member, my friend from Maryland (Mr. Cummings). I join the ranking member in opposing the so-called Sunshine for Regulatory Decrees and Settlements Act. Specifically, we take exception to the inclusion of the so-called All Economic Regulations are Transparent Act that would unnecessarily require agencies to provide monthly status updates on their plans to propose and finalize rules when they are already required to report twice a year. Further, this legislation would prohibit agency rules from taking effect until the Office of Information and Regulatory Affairs has posted certain information online for at least 6 months. So an agency might post, on its own, information about the cost of a proposed rule for a year, but if OIRA doesn't post the information for at least 6 months, the agency would be prohibited from moving forward. {time} 1330 Mr. Chairman, Ranking Member Cummings and I have an amendment that will be considered shortly to strike the 6-month online posting requirement. Striking that provision would keep important agency rules protecting public health and safety from being needlessly delayed. We have a Second Amendment that would exempt independent agencies. The bill as currently drafted would require agencies, such as the SEC and the Consumer Financial Protection Bureau, to abide by these new reporting requirements.…”