Rep. Marino’s Bill Included in Sweeping Regulatory Reform Package Passed by House
Washington, D.C. — On Wednesday, the House passed H.R. 5, the Regulatory Accountability Act of 2017, a reform to solve the problem of overreaching, ill-considered, insufficiently checked-and-balanced federal regulation. It brings together six separate reform bills that have already passed the House with bipartisan support in previous Congresses.
The REVIEW Act (H.R. 74), introduced by Rep. Tom Marino (PA-10), was included in the package. The bill stops “high-impact rules” with annual costs over $1 billion from taking effect until all court challenges to the regulation in question are settled.
On Wednesday, Rep. Marino spoke on the House floor in favor of H.R. 5. His statement is as follows:
“I rise today in strong support of H.R. 5, the Regulatory Accountability Act. This bill represents a monumental opportunity for the American people. After eight years of one new crushing regulatory burden after another, the time has come to finally free the American people and create a new future for our economy.
“In 2017, regulatory burdens are at record levels. One recent analysis by the American Action Forum puts the cumulative paperwork burden on the American people at 11.5 billion hours. How could any small businessman or entrepreneur survive in the face of this monstrous web of regulation? The short answer is that they cannot.
“It is a fact seen across my district as I have talked to workers covering every industry or occupation imaginable. When I ask business owners about their concerns, first and foremost, the greatest hardship they face is the burden of federal regulation and red tape. Funds—which otherwise could be invested in new employees, training or equipment—must be dedicated to the demands of faceless bureaucrats in Washington. This applies to plumbers as well as farmers, manufacturers and home builders.
“The list of those affected is long and varied. The simple truth is that the Obama administration’s one-size-fits-all regulatory agenda has been a disaster for the American dream. And we have seen over the past several months how disconnected it was from the wants and needs of Americans across the country.
“In Congress, however, we have heard their pleas and have taken action in the early days of the 115th Congress. H.R. 5 is the third regulatory reform bill we have considered in two weeks. It represents our brightest opportunity to unleash innovation and investment so that American businesses, big and small, can create a new future.
“I am also grateful that H.R. 5 includes my bill, the REVIEW Act. The REVIEW Act was featured as part of Speaker Ryan’s A Better Way agenda, and passed the House on a bipartisan basis last fall. It represents a simple premise. Regulations should be narrowly tailored, and massive regulations deserve full and thorough scrutiny.
“REVIEW would mandate a stay of any ‘high-impact,’ billion dollar regulation while judicial review is under way. “Historically, billion dollar rules have been few and far between. In fact, only 26 have been put in place since 2006. But in recent years, their frequency has grown along with the unprecedented reach of the regulatory state. In the past 8 years, an average of 3 per year have been put in place. Their significance, however, lies in their impact on our country.
“These regulations are massive, and have the potential to fundamentally and irreversibly change entire industries. And if later judicial review finds the agency’s reasoning to be legally unsound or contrary to the intent of Congress, the compliance costs incurred, often meaning jobs that were lost, cannot be undone.
“The REVIEW Act provides an important check on regulatory largesse and is an important piece of this bill.
“The American people have spoken. It is time for us all to take our country, and economy in the right direction. The Regulatory Accountability Act provides the reforms necessary to get us there. I urge all of my colleagues to support this bill. And, I yield back the remainder of my time.”