“A swarm of major new regulations coming out of Washington are threatening Baker Ready-Mix’s ability to stay in business and keep rebuilding New Orleans. Together, these sweeping rules will make it much more difficult for me to sell concrete, to give health coverage to my employees, and to grow jobs.”
That was the message shared by small business CEO and Black Chamber of Commerce Chairman Arnold Baker at a House Judiciary Committee hearing held yesterday on the Regulatory Accountability Act (H.R. 3010), bipartisan legislation that would reform the federal regulatory process and reduce unnecessary burdens on job creators. According to Mr. Baker, the cumulative impact of just four proposed Obama Administration regulations will add “as much as $20 to $36 to the cost of every ton of cement that Baker Ready-Mix purchases,” forcing the company to “shrink [its] workforce rather than expanding it.”
The new House majority has passed legislation to stop two of the regulations cited by Mr. Baker – H.R. 2250 and H.R. 2681 – but more must be done to permanently rein in the job-killing red tape that is being handed down by Washington Democrats. The Regulatory Accountability Act will address the issue by requiring agencies to undertake a thorough cost-benefit analysis of proposed rules, and implementing other reforms to bring greater transparency to the rule-making process and more rigorous evaluation of regulations that will have a major impact on jobs and the economy (click here for a summary of the bill).
The new House majority has passed more than a dozen bills to help address the excessive regulatory burden on small business job creators, most of which remain stalled in the Democrat-controlled Senate. In remarks yesterday, House Speaker John Boehner (R-OH) called on Senate Democrats “to work with the House and to work with the President to help find common ground to move our economy forward and get the American people back to work.” Learn more about the action Republicans are taking to create a better environment for private-sector job growth at: http://jobs.GOP.gov.