Reining in Red Tape
It should be common sense. The more federal regulations that put the squeeze on small businesses and job creators, the greater the negative impact is on economies throughout the nation. Nevertheless, the regulations and red tape continue to stream down from the federal government. Under the Obama Administration, on average, 82 major rules – those with economic impacts of $100 million or more – have been filed each year. Plus, federal regulations cost the U.S. economy an estimated $1.88 trillion in 2014. That adds up to nearly $15,000 per American household.
Many of America’s job creators are stuck under mountains of endlessly growing, bureaucratic red tape. I’ve heard time and again from businesses in the Sixth District, as well as others that have testified before the Judiciary Committee, that uncertainty about the cost of pending regulations discourages employers from hiring new employees and expanding their businesses.
In the House of Representatives, we know that reining in federal red tape is an important step in growing an economy that fosters opportunity. That is why the House recently passed the REINS Act, which requires an up-or-down vote by Congress before any new, major regulation can be imposed on our economy. It also guarantees a vote by Congress on each major regulation within 70 days. The REINS Act does not prohibit new regulations, and it does not move to end good, common sense regulations that protect children, families, and workers. It simply establishes the principle, “No major regulation without representation.” By requiring Congress to approve or deny major regulations proposed by the Administration, the REINS Act provides Congress, and ultimately the people, with a much needed tool to check Washington’s regulatory bureaucrats.
Excessive regulation means higher prices, lower wages, fewer jobs, less economic growth, and a less competitive America. It’s clear that America cannot tax, spend, and regulate its way to economic growth and prosperity for the American people. To truly fix this problem, the REINS Act is one of the simplest, clearest, and most powerful measures we can adopt. I urge the Senate to join the House in making sure that job creators aren’t bogged down with red tape and that the Administration is held accountable to the American people. Click here to read my full weekly column.
Thank You to Our Sixth District Interns
During the fall and spring semesters, and over summer break, my office is fortunate enough to have the help of a great group of interns. Many of these young men and women are from the Sixth Congressional District or attend one of the fine colleges and universities in our region. I thank them for their hard work on behalf of the folks of the Sixth District of Virginia. If you know of any college students who may be interested in an internship in my Washington office or an office in the Sixth District, please direct them to my website for more information.
Thank you to our Sixth District interns!
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Should you have further questions, please visit the “Contact Bob” section of my website or call my office at (202) 225-5431.