Reps. Marino and Goodlatte Praise House Passage of Bill to Stop “High Impact” Regulations
Washington, D.C. — Regulatory Reform, Commercial and Antitrust Law Subcommittee Chairman Tom Marino (R-Pa.) and House Judiciary Committee Chairman Bob Goodlatte (R-Va.) issued the following statements on today’s approval by the House of Representatives of the “Require Evaluation before Implementing Executive Wishlists (REVIEW) Act of 2016” (H.R. 3438) by a vote of 244-180.
Subcommittee Chairman Marino: “Each day, hardworking Americans are forced to comply with excessive regulatory burdens that only further stall economic stability. Even when these regulations falter under judicial review, the billions of dollars lost during years of litigation are never returned. Business owners and their employees are expected to absorb these damages bringing job creation and wage growth to a grinding halt.
“The REVIEW Act ensures no ‘high-impact’ regulation will unnecessarily burden businesses while undergoing the scrutiny any heavy cost rule should have. Its passage offers a common sense solution to reckless regulation funded at the expense of the American people.”
Chairman Goodlatte: “High-impact regulations are often litigated in the courts for years, and hardworking Americans too often must cover billions in compliance costs for these regulations even as they pursue successful litigation to challenge them. This costly and wasteful practice is another regulatory burden that can easily be taken off the backs of the American people.
“The passage of the REVIEW Act is a better way to reduce wasteful government spending and ensure Americans can keep their hard-earned money. The bill frees up billions of precious dollars to be spent on the jobs and investment America currently needs.”
Background: Introduced by Regulatory Reform, Commercial and Antitrust Law Subcommittee Chairman Marino and cosponsored by House Judiciary Committee Chairman Goodlatte, the REVIEW Act stops “high impact rules” with costs of $1 billion dollars or more annually from taking effect until any timely-filed court challenges to the regulations in question are concluded.
The REVIEW Act amends the Administrative Procedure Act to establish:
- a definition for “high-impact rules”—those costing $1 billion or more annually; and,
- an automatic administrative stay of all “high-impact rules” pending final judicial review if a legal challenge is filed within 60 days of the rules’ issuance or the time otherwise prescribed to seek judicial review.
Click here to learn more about the bill.