Mr. YODER. Madam Speaker, the American economy is crying out for certainty. Every day the instability created by new Washington rules, regulations, new taxes, et cetera makes it harder for the economy to recover and harder for small businesses to create jobs.
That's why today I stand in full support of the Regulations from the Executive in Need of Scrutiny Act, known as the REINS Act.
As our Federal agencies churn out regulations by the truckload, it's our small businesses, those very entities that we expect to create jobs and are struggling to survive, that are burdened with implementing them. In fact, regulations cost the economy $1.75 trillion per year. New regulations this year alone will cost business over $60 billion, all driving up the cost of doing business and putting more people out of work.
I'm supporting the REINS Act because this legislation will provide Americans with an additional level of accountability when it comes to job-killing regulations from government agencies.
Madam Speaker, it's time we stand up for small business owners, and it's time we do all that we can to remove the barriers Washington is putting in their way. Let's come together as a Congress and help get America back to work again.