[Congressional Record Volume 157, Number 187 (Wednesday, December 7, 2011)]
[House]
[Page H8200]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
LET'S REIN IN THE REGULATORS
(Mr. HULTGREN asked and was given permission to address the House for
1 minute.)
Mr. HULTGREN. Madam Speaker, $1.75 trillion annually--America's job
creators are buried under the regulatory burden of about $1.75 trillion
annually.
The cost of the regulatory burden from new regulations just this year
is $67.4 billion, which is larger than the entire State budget of
Illinois, my home State. Studies and polls have shown us time and again
that the regulations are a hidden form of taxation; and just as our Tax
Code is in need of reform, so is our regulatory system.
That's why I'm proud to support the REINS Act. This commonsense bill
will require that Congress approve every new major regulation proposed
by the executive branch in order to ensure that Congress, not unelected
bureaucrats, retain control and accountability for the impact of
government on the American people.
Unless Congress acts decisively, this unchecked regulatory state will
only grow bigger and make things more complicated. Let's pass the REINS
Act, and let's give our job creators the certainty they need to grow,
expand, and put Americans back to work.
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