Washington, D.C. — Today regulatory experts from across the country sent a letter to Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) urging them to enact comprehensive regulatory reform. As stated in the letter, a “modern regulatory process is vital to foster a growing and innovative economy, alleviate budgetary pressures, protect the health and welfare of all Americans, and contribute to the prosperity and quality of life needed to increase national standards of living.”
The bipartisan Regulatory Accountability Act will make federal regulations smarter and more effective so they better support businesses, families, and jobs, and modernize the federal regulatory process that hasn’t been significantly reformed in 70 years. The RAA, which was introduced by Senator Rob Portman (R-Ohio) and was approved by the Senate Homeland Security & Governmental Affairs Committee, is awaiting a vote on the Senate floor. House Judiciary Committee Chairman Bob Goodlatte (R-Va.) championed the House version of the bill which passed in January.“As more regulations add up, prices for goods and services increase, job opportunities and wages decrease, and our country as a whole becomes less competitive. Small businesses across our country that could hire more employees instead have to spend that money on complying with whatever the federal government mandates next,” said Goodlatte. “There is a better way to create a regulatory system that works for the American economy, and the Regulatory Accountability Act is that solution. I was proud to shepherd this legislation through the House with a bipartisan vote and I hope the Senate can act quickly to send it to the President’s desk. With the help of these reforms, we can truly make America more competitive, put Americans back to work, and free America’s entrepreneurs to innovate.”
“When I’m back home, whether it’s at a small auto body shop, or a big steel plant, or a soybean farm, I hear the same thing: burdensome regulations from Washington are hurting their efforts to grow their business and create jobs. People are frustrated and they should be; the regulatory process hasn’t been significantly reformed in 70 years,” said Portman. “Senator Heitkamp and I introduced the bipartisan RAA to give our economy a shot in the arm and to help raise wages for Americans all across our country. I am pleased that regulatory experts are pushing for the kinds of common-sense reforms found in our bill that will make American workers more competitive in the global economy and put more people back to work. Passing the RAA is a great opportunity to break through partisan gridlock and get something done that will create jobs, raise wages, and make a difference in people’s lives. I am optimistic we can get this done.”
Full text of the letter can be found below and here.