Rep. K. Michael Conaway (R-TX) issued the following statement today on passage of the Red Tape Reduction and Small Business Job Creation Act (H.R. 4078).
This legislation would prohibit federal agencies from implementing their most severe regulatory actions until the unemployment rate falls to 6 percent or less.
"Three years ago the red tape waterfall started flowing out of the Obama White House and ever since American businesses have been drowning.
"We've all been touched, effected, or know someone who has been effected by the millions of jobs that have washed away.
"The President needs to put himself in the shoes of the thousands of entrepreneurs and small business owners who are wondering if starting or expanding their business is worth the risk given the absence of a creditable economic forecast.
"Maybe then he'll finally understand America does not need 80,000 pages of proposals to regulate American life. What we need are simple and predictable rules that will allow the economy to grow for us all."
H.R. 4078 would allow exemptions for certain significant regulatory actions if the President determines via an executive order that the action is necessary for one of four reasons: (1) to respond to an imminent threat to health or safety, (2) to enforce criminal laws, (3) to protect national security, (4) to implement an international trade agreement.
House Republican Accomplishments to Cut the Red Tape and Create Jobs
* House Republicans have passed dozens of bipartisan jobs bills that would provide relief from record amounts of red tape--bills requiring the Obama Administration to consider the economic impact of their rules and regulations so the American people know the impact that Washington's red tape is having on the economy. Highlights include the REINS Act, repeal of President Obama's federal takeover of healthcare law, and the Entrepreneur Access to Capital Act.
* House Republicans also approved the Small Business Paperwork Mandate Elimination Act. The legislation would eliminate the portions of the Internal Revenue Code that were added by the Democrats' government takeover of health care law. The Small Business Paperwork mandate Elimination Act became law on April 14, 2011.
* The Wall Street Journal called House Republicans' efforts, "the largest overhaul of the rule-making process and larger administrative state since Ronald Reagan, and perhaps longer."
* Bottom Line: House Republicans know that to cut the unemployment rate, we need to cut the red tape.