Seventh District Pulse - Federal Regulations
Jobs and the economy are priority number one for Members of the House. From energy independence legislation to pursuing trade agreements, we are working to level the playing field for American workers and businesses. This week we will continue this economic growth initiative by focusing on regulatory reform and taking up the REINS Act. The REINS Act requires any rule/regulation from the executive branch, which includes all federal agencies, with an economic impact of $100 million or more as scored by the Office of Management and Budget to come before Congress and be approved before it is implemented.
There are many of us who believe that excessive and over burdensome regulation is antithetical to a thriving economy and robust job creation, and, given that executive branch rules and regulations only exist to implement legislation passed by Congress, it seems reasonable that Congress would have an opportunity to approve them. While Congressional approval of every rule or regulation might not be practical or even necessary, focusing specifically on rules with an economic impact of $100 million or more as scored by the President's own Office of Management and Budget seems like a good place to start.
I expect that the vote on the REINS Act will be very divided, however, as many of my colleagues in the House do not correlate an unfair regulatory burden with fewer job opportunities. My question this week for you is what do you believe about the relationship between America's regulatory burden on employers and creating growth in America's economy?
42.2% I believe a less burdensome regulatory regime leads to a healthier, more prosperous economy. Reducing regulatory burdens will make American companies more competitive in an aggressive global market.
27.4% I don't know if it will affect the economy, but I support any effort by Congress to increase oversight of the executive branch's regulatory efforts. Our Founding Fathers entrusted Congress, the elected leaders who are closest to the people, to vigilantly guard our freedoms and liberties from an overreaching executive branch. The current Administration has gone too far in their rulemaking, and it's time for Congress to step in and put a stop to it. If the REINS Act will help Congress halt the President's regulatory agenda, I support it.
11.5% I do make the connection between a reduction in regulations and a healthier more prosperous economy. However, the yardstick for a healthy America must include more than the economy. A safe environment for workers, fresh air and water for our children, and other factors that these regulations are intended to promote must factor in as well. Today in America, our regulatory scale is not out of balance. Perhaps there is an economic consequence, but the many regulations that we have in America help us rather than hurt us.
6.2% I don't make the connection at all between increased regulation and reduced economic growth. Bills like the REINS Act are just politics as usual in Washington.
5.9% Regulations don't kill jobs; they create jobs. Every new federal mandate requires new personnel to implement it. The market is adaptable and when we throw in actions to preserve our environment and protect worker safety, for example, we get a net positive as the industry acclimates and moves forward.
.9% I have no opinion on this.
5.9% None of the answers above closely reflect my views.