Washington, D.C.— House Judiciary Committee Chairman Bob Goodlatte (R-Va.), Regulatory Reform, Commercial, and Antitrust Law Subcommittee Chairman Tom Marino (R-Pa.), House Small Business Committee Chairman Steve Chabot (R-Ohio), House Judiciary Committee member Rep. John Ratcliffe (R-Texas), and Rep. Blaine Luetkemeyer (R-Mo.) released the following statement following the House passage of the Regulatory Accountability Act of 2017 (H.R. 5) by a vote of 238-183.
“All regulations come with a price tag and hardworking Americans, as well as businesses large and small, must cover those costs. As more regulations add up, American businesses become less competitive, prices increase, job opportunities and wages decrease for struggling Americans, and our country is less competitive.
“The key to faster and stronger growth of our economy should be reforming our runaway regulatory state. The Regulatory Accountability Act of 2017 works to reverse the negative impact regulations are having on our economy and reforms the rulemaking process to help the American people.
“The current regulatory system lacks transparency and hurts American small businesses. There is a better way to create a regulatory system that works for the American economy, and the Regulatory Accountability Act is that solution.”
Background: The Regulatory Accountability Act of 2017 is strong, bipartisan 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. Collectively, its provisions would:
- Require agencies to choose the lowest-cost rulemaking alternative that meets statutory objectives, permitting costlier rules only when cost-justified and needed to protect public health, safety, or welfare. (Title I—Regulatory Accountability Act, introduced by Chairman Goodlatte)
- Require greater opportunity for public input and vetting of critical information—especially for major and billion-dollar rules. (Title I—Regulatory Accountability Act)
- Repeal the Chevronand Auer doctrines to end judicial deference to overreaching agency statutory and regulatory interpretations. (Title II—Separation of Powers Restoration Act, introduced by Rep. Ratcliffe)
- Require agencies to account for the direct, indirect, and cumulative impacts of new regulations on small businesses—and find flexible ways to reduce them. (Title III—Small Business Regulatory Flexibility Improvements Act, introduced by Chairman Chabot)
- Prohibit new billion-dollar rules from taking effect until courts can resolve timely-filed litigation challenging their promulgation. (Title IV—REVIEW Act, introduced by Subcommittee Chairman Marino)
- Force agencies to publish online, timely information about regulations in development and their expected nature, cost and timing. (Title V—ALERT Act, introduced by Rep. Ratcliffe)
- Publish plain-language, online summaries of new proposed rules, so the public can understand what agencies actually propose to do. (Title VI—Providing Accountability Through Transparency Act, introduced by Rep. Luetkemeyer)