House Passes Regulatory Accountability Act
WASHINGTON, DC – Continuing their efforts to rein in Washington bureaucrats, the House of Representatives passed the Regulatory Accountability Act on Wednesday evening. The legislation increases transparency and encourages public input during the rulemaking process while giving American businesses time to prepare for major regulations if those rules are being challenged in court.
After voting in favor of H.R. 5, Congressman Gibbs released the following statement:
“For too long, unelected bureaucrats have had unchecked power regulating nearly every aspect of our economy. These burdensome regulations are costing us jobs and putting pressure on families who are already struggling to make ends meet. The Regulatory Accountability Act forces federal agencies to choose the least costly option when finalizing a new regulation. I am a strong advocate of a regulatory environment that is commonsense, that encourages job growth, and unleashes the entrepreneurial and innovative spirit of the American economy. As I recently wrote, small business owners and people running non-profit organizations should not have to agonize over the maze of red tape and the alphabet soup of federal agencies. I am proud to support the Regulatory Accountability Act and applaud my colleagues in reforming the regulatory state.”