Senators Renew Bipartisan Regulatory Reform Bid

 “We’ve made great strides when it comes to our economy, but we can do more to encourage small and large companies alike to grow and thrive," Sen. Mark Pryor, D-Ark., said. “We’ve made great strides when it comes to our economy, but we can do more to encourage small and large companies alike to grow and thrive," Sen. Mark Pryor, D-Ark., said. Alex Brandon/AP file photo

Senators seeking to “reduce red tape on job creators” reintroduced long-sought legislation to revamp the agency rulemaking and institutionalize the weighing of costs and benefits in the process.

Sens. Rob Portman, R-Ohio, and Mark Pryor, D-Ark., joined with a bipartisan group of colleagues to introduce the 2013 Regulatory Accountability Act aimed at increasing transparency for public and business participation, requiring agencies to rely more on evidence in weighing proposed rules and requiring regulators to choose the lowest-cost approach. It would modernize the Administrative Procedure Act affecting 3,000 regulations issued annually, the sponsors said.

“Smart regulation requires a balanced approach, and many Ohio businesses tell me they have been held back by the burden and uncertainty of increasing red tape,” Portman said. “Through stronger cost-benefit analysis and greater transparency, this commonsense legislation will build a less costly, more stable regulatory environment for job creation and growth.”

Pryor added: “We’ve made great strides when it comes to our economy, but we can do more to encourage small and large companies alike to grow and thrive -- and that starts with streamlining our regulatory system. By building a decision-making process based on results and costs, our bill fights overreaching regulations to give businesses the certainty, confidence, and flexibility they need to invest and expand.”

A similar bill has been introduced in the House. The approach, however, is not without controversy. Previous versions of the bill were attacked by liberal-leaning nonprofits such as the Center for Effective Government (formerly OMB Watch) and Public Citizen. They see it as freezing agencies’ ability to issue health and safety standards and giving corporations too much influence on proposed rules. They also warn that it would result in excessive litigation to “second-guess” agency expertise.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

    Download
  • Cyber Risk Report: Cybercrime Trends from 2016

    In our first half 2016 cyber trends report, SurfWatch Labs threat intelligence analysts noted one key theme – the interconnected nature of cybercrime – and the second half of the year saw organizations continuing to struggle with that reality. The number of potential cyber threats, the pool of already compromised information, and the ease of finding increasingly sophisticated cybercriminal tools continued to snowball throughout the year.

    Download
  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

    Download
  • GBC Issue Brief: The Future of 9-1-1

    A Look Into the Next Generation of Emergency Services

    Download
  • GBC Survey Report: Securing the Perimeters

    A candid survey on cybersecurity in state and local governments

    Download
  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.

    Download
  • eBook: State & Local Cybersecurity

    CenturyLink is committed to helping state and local governments meet their cybersecurity challenges. Towards that end, CenturyLink commissioned a study from the Government Business Council that looked at the perceptions, attitudes and experiences of state and local leaders around the cybersecurity issue. The results were surprising in a number of ways. Learn more about their findings and the ways in which state and local governments can combat cybersecurity threats with this eBook.

    Download

When you download a report, your information may be shared with the underwriters of that document.