Congressman Adrian Smith (R-NE) issued the following statement after voting in favor of H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act. The bill passed in the House of Representatives by a vote of 245 to 172:
"Regulations in America are out of control and hindering economic growth. I am happy to join a bipartisan majority of my colleagues to support this important regulatory reform bill which contains several provisions to help streamline the regulatory process and prevent new economically significant regulations from taking effect while our economy continues to stall. This bill would give small businesses, producers, and other entrepreneurs the ability to grow by providing certainty, and ensures the government will weigh the costs and benefits of new rules before imposing them on the American people."
The Red Tape Reduction and Small Business Job Creation Act is a package of six bills to prevent and eliminate excessive government regulations and reform the regulatory process.
The six bills included in the package are:
H.R. 4078, Regulatory Freeze for Jobs
H.R. 4607, Midnight Rule Relief Act
H.R. 3862, Sunshine for Regulatory Decrees and Settlements Act
H.R. 4377, Responsibly and Professionally Invigorating Development (RAPID) Act
H.R. 373, Unfunded Mandates Information and Transparency Act
H.R. 2308, SEC Regulatory Accountability Act
H.R. 1840, Consideration by Commodity Futures Trading Commission of Certain Costs & Benefits.