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Public Statements

Directing Committees to Review Regulations from Federal Agencies

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. WEST. Mr. Speaker, I thank the chairman.

As we are seeing unfold throughout our country and also especially my 22nd Congressional District in Florida, this health care bill has been detrimental to the survival and growth of our small businesses. Employers are choosing to drop health care for their employees, which will flood this government-run health care system, eventually leading to a lower quality of health care.

According to the Small Business Administration, the smallest firms spend 36 percent more per employee than larger firms to comply with Federal regulations. It comes out to about $10,585 per employee for all Federal regulations. The multitude of rules, restrictions and mandates imposes a heavy burden on Americans and the U.S. economy and could destroy an untold number of jobs.

The Obama administration promulgated 59 major regulations in 2009, 62 in 2010, another 191 regulations are in the works, and the Dodd-Frank permanent bailout bill alone requires no fewer than 243 new rules by 11 agencies over a dozen years.

The SBA also estimates the total cost for all Federal regulations is roughly $1.75 trillion each year. All of the Federal red tape is a tax and regulatory straightjacket that is crippling our economic recovery.

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