Goodlatte Introduces Major Regulatory Reform Package to Promote Economic Growth & Job Creation
Congressman Bob Goodlatte (R-Va.), Chairman of the House Judiciary Committee, released the following statement upon the introduction of the Regulatory Accountability Act of 2017 (H.R. 5):
“If we want to see better and faster growth within our economy, reforming our regulatory system must be at the center of our nation’s focus. The runaway regulatory state is creating hidden costs on hardworking Americans and small business owners alike. As these costs grow and continue to burden our economy, we are losing jobs and wages to thousands of regulations.
“The Regulatory Accountability Act is a major step to reverse the negative effects regulations are having on our economy. The bill promotes making the regulatory process more transparent for the American people; increases the power of the people’s elected representatives and the courts to stop overreaching new rulemaking; and lets the public have the full say they deserve in the rulemaking process.
“The barriers regulations have built halt economic growth but those burdens can be lifted, and Congress has the opportunity to make our economy work for hardworking Americans again.”
Background: The legislative package combines a series of regulatory reform initiatives reported out of the House Judiciary Committee and passed by the House of Representatives during the 114th Congress. The bill aims to eliminate overly-burdensome red tape and regulations in order to lift unnecessary burdens on hardworking Americans and to promote jobs, innovation, and economic growth.
The Regulatory Accountability Act of 2017 is strong, bipartisan reform to solve the problem of overreaching, ill-considered, insufficiently checked-and-balanced federal regulation. It brings together six separate reform bills that have already passed the House with bipartisan support in previous Congresses. Collectively, its provisions would:
• Require agencies to choose the lowest-cost rulemaking alternative that meets statutory objectives and require greater opportunity for public input and vetting of critical information—especially for major and billion-dollar rules. (Title I—Regulatory Accountability Act)
• Repeal the Chevron and Auer doctrines to end judicial deference to bureaucrats’ statutory and regulatory interpretations. (Title II—Separation of Powers Restoration Act)
• Require agencies to account for the direct, indirect, and cumulative impacts of new regulations on small businesses—and find flexible ways to reduce them. (Title III—Small Business Regulatory Flexibility Improvements Act)
• Prohibit new billion-dollar rules from taking effect until courts can resolve timely-filed litigation challenging their promulgation. (Title IV—REVIEW Act)
• Force agencies to publish online, timely information about regulations in development and their expected nature, costs, and timing. (Title V—ALERT Act)
• Publish plain-language, online summaries of new proposed rules, so the public can understand what agencies actually propose to do. (Title VI—Providing Accountability Through Transparency Act)