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Relieving Regulatory Burdens
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Randy
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May 04, 2011
It has been more than 100 days since President Obama issued an executive order and an accompanying Wall Street Journal op-ed calling for relief from regulatory “burdens that have stifled innovation and have had a chilling effect on growth and jobs.” The president’s message was reiterated in his State of the Union Address, in which he said, “To reduce barriers to growth and investment, I’ve ordered a review of government regulations. When we find rules that put an unnecessary burden on businesses, we will fix them.”
Yet, this year the administration has already issued over 24,000 pages of regulations. We must rein in the costly overreach by federal agencies that stifles job creation and hinders economic growth. That’s why I have consistently supported legislation that aims to achieve this goal. Imposing Restraints on Regulation I have cosponsored the Regulations from the Executive in Need of Scrutiny (REINS) Act, which provides for congressional review of agency rulemaking to require Congress’ approval of major rules of the executive branch before they may take effect. Increasing Scrutiny of Congressional Mandates and Regulations I have cosponsored legislation requiring Congress and the Executive Branch to disclose the cost—to both the government and the private sector—of any new regulation or proposed legislative mandates. Increasing Transparency in Federal Agencies I have cosponsored the Federal Agency Transparency Act, which requires federal agencies to publish receipts and expenditures on their websites every two weeks, establishing a level of federal transparency that American taxpayers deserve. Weigh in: Do you think the government is doing enough to rein in the cost of overregulation?
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