Anti-Business Obama Administration Has 191 New Rules in the Works With Economic Cost of More Than $100 Million
Noting that the Obama Administration’s published regulatory agenda includes a total of 191 planned rulemakings – each with an estimated annual cost to our economy of $100 million or more – House Republican Leader John Boehner (R-OH) today formally requested that President Obama direct his administration to provide Congress with a complete rundown of all planned federal rulemakings with a projected economic cost of $1 billion or more. The Republican Leader’s request echoes a request sent on July 23 by Reps. Geoff Davis (R-KY) and Trent Franks (R-AZ).
“The constant stream of new federal rules being handed down from Washington has created great uncertainty for American small businesses, and it’s one of the reasons our economy is not creating enough jobs,” said Boehner, who ran a small business in southwestern Ohio prior to serving in the House. “The Obama Administration owes the American people a full accounting of the degree to which its policies may be negatively impacting job creation in our country.”
“It has recently come to our attention that the Administration’s published regulatory agenda includes a total of 191 planned rulemakings, each with an estimated annual cost to our economy of $100 million or more, and that a number of these planned rulemakings may each have an annual economic cost in excess of $1 billion,” Boehner said in a letter sent today to President Obama. “On July 23, Reps. Geoff Davis (R-KY) and Trent Franks (R-AZ) sent a letter to the Office of Information & Regulatory Affairs (OIRA) requesting that the Administration provide a list of all pending rulemakings with a projected cost to our economy in excess of $1 billion. . .I am writing [to] respectfully request that this information be provided to Congress by your Administration at the earliest opportunity.”
Boehner is a cosponsor of Rep. Davis’ REINS Act, pro-jobs legislation that would require congressional approval for any new Executive Branch rule imposing a cost of $100 million or more on our nation’s economy. Rep. Davis recently posted his idea for discussion on AmericaSpeakingOut.com, the website for House Republicans’ America Speaking Out initiative, which seeks to engage the American people directly in the process of creating a new governing agenda.