Regulatory Reform Act of 2012 | Council For Citizens Against Government Waste

Regulatory Reform Act of 2012

Letters to Officials

March 9, 2012

U.S. House of Representatives
Washington, D.C. 20515

Dear Representative,

Rep. John Carney (D-Del.) will soon introduce the Regulatory Reform Act of 2012. On behalf of the more than one million members and supporters of the Council for Citizens Against Government Waste (CCAGW), I urge you to support this legislation.

Many regulations are far-reaching and place significant burdens on American businesses, consumers, and taxpayers. An independent study commissioned by the Small Business Administration (SBA) found that regulations can cost $10,585 per employee for small businesses, $7,454 for medium-sized firms and $7,755 for large firms. The study also found that regulations cost $1.75 trillion for all businesses in 2008. This is $650 billion more than the $1.1 trillion in costs that the SBA reported in its last comparable study in 2005. Excessive red tape creates economic uncertainty and discourages businesses from investing in new technologies and hiring additional employees.

The Regulatory Reform Act of 2012 would require the Office of Information and Regulatory Affairs to prepare a report at least biannually containing a list of existing rules that are duplicative, ineffective, or excessively burdensome. The report would recommend consolidations, simplifications, or eliminations of these rules to make federal regulations more effective and less burdensome. This legislation would help to ensure timely action on the reforms by establishing a 120-day window for the administration to send Congress the list of proposed cuts or savings. Congress would then be required to vote to either accept or reject the list in its entirety.

With a projected FY 2012 deficit of more than $1.3 trillion and a $15.4 trillion national debt, it is essential that lawmakers work to eliminate wasteful and duplicative government spending and burdensome regulations. I urge you to support Rep. Carney’s legislation. All votes on the Regulatory Reform Act of 2012 will be among those considered in CCAGW’s 2012 Congressional Ratings.

Sincerely,

Tom Schatz
President, CCAGW

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