Hultgren cosponsors bill that incorporates his sunset regulatory review legislation
U.S. Rep. Randy Hultgren, who represents the 14th Congressional District, has become one of four original cosponsors of HR 4874, the Searching for and Cutting Regulations that are Unnecessarily Burdensome – or SCRUB – Act of 2014, at the specific request of the House Judiciary Committee, states a news release from Hultgren's office.
HR 4874 incorporates key elements of his own bill, HR 309, the Regulatory Sunset and Review Act, which calls for establishing a process by which federal agencies can sunset obsolete, duplicative and conflicting regulations.
“Too much regulation, especially outdated regulation, means higher prices, lower wages and fewer jobs for hardworking Americans, not to mention less overall American economic growth,” said Hultgren in the release. “Federal regulations now impose an estimated burden of $1.86 trillion on our economy – that’s roughly $15,000 per U.S. household. This is simply unacceptable to the families in my district who are finding their incomes are not keeping up with rising prices. The last thing they need is more burdens on their budget.”
As of the end of 2013, the Code of Federal Regulations contained 175,000 pages of regulations in 235 volumes. The cost of federal regulations, 11.5 percent of America’s 2012 GDP, is more than $300 billion higher than combined individual and corporate federal income taxes and equivalent to 85 percentof U.S. corporate profits in 2013, states the release.
The SCRUB Act combines aspects of a couple of common-sense regulatory reform bills before the House, the release states:
• It establishes a bipartisan commission to, like HR 309, review existing federal regulations and identify those that should be repealed to reduce unnecessary regulatory burdens.
• Like HR 309, it prioritizes for review regulations that are major rules (those with an economic impact of $100 million or more), as well as those that have been in effect more than 15 years and impose disproportionately high costs on small businesses.
• It requires that annual and final commission recommendations on regulations be presented to Congress for approval by joint resolutions of Congress. If Congress votes to approve the commission’s recommendations, repeal of the regulations must take place.
“As a compilation of several regulatory reform bills, including HR 309, the SCRUB Act has been reported out of committee and stands a good chance of being considered before the full House of Representatives,” Hultgren said in the release. “I will be working with the committee chairman and the House leadership to push to get HR 4874 on the House calendar quickly so we can provide relief to American families.”