In a letter sent to Speaker of the House Paul Ryan yesterday, associations and chambers of commerce from across the country urged Ryan to make consideration of the “Regulatory Accountability Act” an early priority for the 115th Congress. Associated Industries of Missouri supported and signed the letter.
The letter secured 380 association signatories from 47 states and the District of Columbia representing a multitude of sectors including agriculture, energy, transportation, and manufacturing.
The groups write in the letter to Speaker Ryan, “We believe that federal regulations should be narrowly tailored, supported by strong and credible data and evidence, and impose the least burden possible, while still implementing Congressional intent.” They go on to explain, “The Regulatory Accountability Act builds on established principles of fair regulatory process and review that have been embodied in bipartisan executive orders dating to at least the Clinton administration.” You can view the full letter here.
“Misguided, overreaching and complicated federal regulations are crippling Missouri businesses,” said Ray McCarty, president of Associated Industries of Missouri. “I constantly hear from our employers about these job-killing regulations. While responsible regulation is necessary, the federal bureaucracy, under President Obama, has unleashed a deluge of regulations that are harmful or costly to business, including the overtime regulations, EPA regulations and confusing labor regulations. Congress must take action to reign in the Executive Branch to prevent this abuse of power,” said McCarty.
The “Regulatory Accountability Act” would improve the transparency of regulations by requiring agencies to invest more effort earlier in the rulemaking process to gather data, evaluate alternatives, and receive public input about the costs and benefits of its rules.