Rep. Young Tells Agencies To STRIP (Stop the Regulation Invasion Please Act of 2011)
Oct 13, 2011
“This country has an overregulation problem,” said Rep. Young. “From high gas prices to the loss of American jobs to China, Mr. and Mrs. America are paying the price for Washington’s regulation addiction. When the Federal Register weighs over 340 pounds, something is wrong. When an Agency can pass a law unilaterally with the stroke of a pen without Congressional approval, something has to change. Congress must step up to the plate, take responsibility and start holding the Executive Branch accountable.
“My bill not only stops any new regulation from being implemented, it requires the Administration to come before Congress and justify each and every regulation passed in the last twenty years. If an agency feels that a certain regulation is necessary for public health or safety, my bill allows them to come before Congress and defend it. If they cannot, then it should be removed from the books.
“This is a bipartisan problem that presidents from both parties have contributed to and that is why I am urging my Congressional colleagues from both parties to to stand up and put an end to what is nothing less than regulatory overreach.”
Additionally, this legislation requires that within 90 days of enactment, the Director of the Office of Management and Budget (OMB) must conduct and submit to the Committee of Jurisdiction in Congress a review of each regulation passed since October 1, 1991. Such a review must include an estimation of the cost and benefits as well as a recommendation as to whether or not the regulation should continue.
While this legislation would repeal all regulations enacted since October 1, 1991, the head of a Federal agency does have the ability to request an emergency waiver so long as they submit their request in writing to the Administrator of the Office of Information and Regulatory Affairs (OIRA). The OIRA Administrator can grant a waiver if he/she finds a regulation to be necessary because of an imminent health/safety threat or necessary for the enforcement of criminal laws.
According to a study
commissioned by the Small Business Administration, in 2008 U.S. federal government regulations cost an estimated $1.75 trillion each year, an amount equal to 14 percent of U.S. national income.
For a section by section summary of Congressman Young’s
legislation, please click here
. To see the legislation in its entirety, click here