WASHINGTON – House Republican Conference Chairman Jeb Hensarling (R-Texas) issued the following statement on the passage of the Regulatory Review resolution, H.Res. 72, that directs House committees to inventory and review federal agency rules and regulations that may unfairly harm the ability to create jobs and grow the economy.
“Americans who want to work can’t find jobs, and employers who want to give them jobs can’t hire them. One of the reasons is that government red tape is in their way.
“That’s why we passed this critical resolution to direct committees to review and root out the regulatory burdens that are keeping businesses of all sizes from innovating, expanding, and hiring more employees.
“Nobody is harmed more by reckless federal regulations than small businesses. According to the Small Business Administration, our nation’s smallest companies are forced to bear more than $10,000 in red tape costs per employee every year. That’s money that could be paying for new salaries for new workers.
“Federal regulation has not proven to be a panacea for our nation. When the Environmental Protection Agency (EPA) spends taxpayer time and money investigating milk spills and dust measurements on farms, it becomes clear that we need to move to smarter regulation, which is not necessarily more regulation.
“The solution is simple: cut the red tape that’s preventing our economy from growing so that Americans can go back to work. That’s a pledge that Republicans made to the American people and we intend to keep it.”