NTU urges all Representatives to vote “YES” on H.R. 5, the “Regulatory Accountability Act.” This legislation, comprised of previously-passed commonsense measures, would reduce the regulatory burden on the economy and increase public accountability of federal agencies.
The massive regulatory state exacts a crushing toll from American businesses and consumers, limiting profitability, flexibility, and raising costs. As the Federal Register has grown, so too, has the reach of unaccountable bureaucrats into almost every corner of our life and work. By applying practical reforms to regulatory process and authority, H.R. 5 would promote the kind of stable economic climate businesses need in order to thrive.
Specifically, H.R. 5 would require agencies to pursue the lowest-cost rulemaking solution to achieve statutory requirements, to identify when new rules could have a negative impact on jobs and wages, and to create rules that are more flexible toward the specific, unique needs of small businesses, who often have a harder time complying with rules changes. In addition, new rulemaking guidelines would increase cost transparency and opportunities for public input. The package would also restore the separation of powers by reinstating the role of the court as interpreters of statutes for federal agencies and prohibit “high-impact” rules from taking effect until judicial challenges are resolved.
Together, these important provisions would significantly reduce the crippling costs and growing power of Washington’s red-tape regime.
Roll call votes on H.R. 5 will be included in our annual Rating of Congress and a “YES” vote will be considered the pro-taxpayer position.
If you have any questions, please contact NTU Federal Affairs Manager Nan Swift at (703) 683-5700