Today, U.S. Representative Stephen Fincher (R-Frog Jump), praised passage of HR 3010: the Regulatory Accountability Act. The bill was sponsored by Representative Lamar Smith (R-TX) and passed the House 234 to 167. H.R. 3010 amends the Administrative Procedure Act to include strong cost-benefit, transparency, and accountability requirements. This bill will require federal agencies to do a better job of determining whether regulations are needed, and if they are to find the lowest cost alternative to achieve the goals.
Fincher said, "Over regulating kills jobs. There are too many regulations in the federal government that just don't make sense. Too often, the burdensome government regulations from federal agencies are the roadblocks that keep small businesses from hiring new workers or cause layoffs. Agencies such as the EPA need more accountability for the regulations they force on small businesses and family farms. I voted yes on this bill because my main concern has always been reducing regulations and lowering taxes so we can get our economy back on track."
This bill will increase the transparency of the rulemaking process with more advance notices of proposed rulemaking and allow more opportunities for public comment and public hearings. This should lower the influence of all special interests.