THE BIG STORY
Congress should “take control” of the federal regulatory system before it grows out of control, says Sen. Ron Johnson (R-Wis.).
The Senate Homeland Security and Governmental Affairs chairman is calling for a “subtractive process” to keep the cost of regulations in check.
“We have over the decades added layer upon layer upon layer of laws and rules and regulations, which are becoming quite burdensome,” Johnson said a joint committee hearing on the cost of regulations. http://1.usa.gov/1NfzF8k
“While some of these regulations are necessary to implement the law, some are also beyond the scope of congressional intent and unnecessarily burden businesses and families,” he added.
During the hearing, lawmakers discussed the possibility of a regulatory budget that would limit federal agencies’ rule making abilities.
A regulatory budget would hold federal agencies accountable for the rules they issue by tracking the financial burdens the rules would place on the economy.
With a regulatory budget, the estimated costs of each rule would be added up and capped at a certain amount, curbing regulations from federal agencies.
But Sen. Tom Carper (D-Del.) dismissed the notion.
“I have some concerns with the idea that an agency’s ability to implement a new rule could depend on it repealing an older one first in order to meet its ‘regulatory budget,’ when in fact the older regulation may still be necessary,” Carper said.
“Or maybe even worse, an agency may delay implementing a much-needed rule because an offset can’t be found,” he added.
Carper touted the benefits created by regulations.
“Every time we go to the bank, drive a car, or take a breath of clean air or a drink of clean water, we are enjoying the benefits of regulations,” Carper said.
ON TAP FOR WEDNESDAY
The House Education and Workforce Committee’s Early Childhood, Elementary, and Secondary Education Subcommittee will hold a hearing to discuss child nutrition assistance programs and look at the cost of compliance for states and schools. http://1.usa.gov/1BskHdC
The House Ways and Means Committee will hold a hearing to discuss rising health insurance premiums under ObamaCare. http://1.usa.gov/1Nh7R3I
The House Science, Space and Technology’s Environment Subcommittee and Energy Subcommittee will hold a hearing on the U.S. Energy Information Administration Report: Analysis of the Impacts of the EPA’s Clean Power Plan. http://1.usa.gov/1GFKazt
TOMORROW’S REGS TODAY
The Obama administration will publish 159 new regulations, proposed rules, notices, and other administrative actions in Wednesday’s edition of the Federal Register.
Here’s what to watch for:
–The Federal Trade Commission (FTC) will propose to loosen privacy rules for car dealers.
Car dealers are required to provide customers with an annual disclosure of their privacy policies, either by hand delivery, mail, or email. But the FTC is proposing to allow these companies to post the notices on their websites, instead of delivering them individually, to customers who give their consent.
More at We The People
Disclaimer: this article was not written by Lorra B.