Businesses would be able to expand and hire new employees through the end of 2012 without a regulatory ax hanging over their heads under legislation introduced this week by House Republican Conference Secretary John Carter.
The Regulation Moratorium Act of 2011, H.R. 1235, bans implementation of any new federal regulations through January 31, 2013, blocking any further regulatory interference in the job market by the Obama Administration.
"New jobs are the top need of the American people today, both for economic recovery and the balancing of the federal budget," says Carter. "But since this Administration came into office in January 2009 they have enacted one job-killing regulation after another, and are set to drop a bombshell of expensive new regulations over the next two years unless Congress brings this madness to a halt. This bill will do that, and put this issue on the front burner for the 2012 election cycle so that the voters can take permanent action."