[Congressional Record Volume 141, Number 36 (Monday, February 27, 1995)]
[Extensions of Remarks]
[Page E442]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                 RISK ASSESSMENT/COST BENEFIT ANALYSIS

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                            HON. RON PACKARD

                             of california

                    in the house of representatives

                       Monday, February 27, 1995
  Mr. PACKARD. Mr. Speaker, Republicans continue to move forward with 
their agenda for a smaller, less costly, less intrusive government. 
Last week House Republicans took the first step in rolling back the 
regulatory tide. Passage of the Regulatory Transition Act gives the 
American taxpayers a time out from the crushing regulatory load. Now we 
must work for long term regulatory reform.
  The regulatory reform provision within our contract with America 
introduces commonsense approaches that will assist Federal agencies in 
prioritizing regulatory decisions-ensuring that limited public 
resources are targeted to the greatest needs our Republican proposal 
favors cost effective regulation to address real risks.
  All regulatory agencies must use risk assessment, sound science, and 
cost-benefit analysis for all regulations. Federal agencies must check 
to see if the regulation makes sense before taxpayers bear the costly 
burden, each year Government regulations cost approximately $600 
billion.
  The Republican commonsense approach to regulatory reform works for a 
smaller, less costly, and less intrusive Government risk assessment and 
cost benefit analysis will force the Federal Government to be 
accountable for their actions. The American people deserve to know that 
their tax dollars will be used wisely to serve their needs, not the 
needs of the Federal Government.


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