While traveling across the 5th District, a frequent comment made by small business owners is that the economic uncertainty being created in Washington by costly new regulations is an impediment to hiring more workers and to expanding their businesses. This uncertainty was outlined by a Wall Street Journal editorial on August 21, 2012, which highlighted a recent decision by the U.S. Court of Appeals for the D.C. Circuit to strike down the Environmental Protection Agency's (EPA) economically costly Cross-State Air Pollution Rule. The (now illegal) proscriptions in the rule would have had disastrous impacts on coal-powered electric plants and the jobs supported by such. This rule is just one of many new costly regulations being advanced by President Obama's Administration that are harming instead of helping our economic recovery.
Despite my frustration with the President's policies in this area, in the U.S. House we've been able to make progress in the effort to help our small businesses through passage of dozens of jobs proposals, including several that ease and reform federal regulations. The most recent was H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act, which passed the House on July 26, 2012. H.R. 4078 is a package of bills that reduce or streamline the federal regulatory process and require greater consultation by the Executive Branch with the private sector when developing new rules. This package places a needed check on the Administration's most economically damaging regulations, which will make it easier for our nation's employers to do business in a still-fragile recovery.