RELEASE: Rep. Meadows Chairs Hearing on Regulatory Reform

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Washington, DC, October 26, 2017 | comments

Rep. Meadows Chairs Hearing on Regulatory Reform

Yesterday, Rep. Mark Meadows (R-NC) chaired a hearing in the Oversight and Government Reform Subcommittee on Government Operations to follow up on regulatory task forces and examine their progress in eliminating needless, outdated regulations from the federal registry.   

In January, President Trump signed Executive Order 13771, titled "Reducing Regulation and Controlling Regulatory Costs.” The order directed agencies to repeal two existing regulations for each new significant regulation added, and to do so in such a way that the total cost of regulations does not increase.

The results have been overwhelmingly positive. Rep. Meadows opened the hearing saying “It’s not every day that we get to hold a hearing to highlight good news about federal regulations.”

In July, the Administration announced that in the course of just five months, the federal government achieved a reduction in net regulatory costs. And while still issuing new regulations, the Trump Administration has actually saved $22 million dollars.

“To put it in abstract terms,” Rep. Meadows said, "at the end of the Obama Administration it would have taken someone three years and 177 days to read through the entire Code of Federal Regulations.  As of today, that number has been reduced to two years and 217 days.  This amounts to over a 25 percent decrease in the size of the Code of Federal Regulations. This type of progress in shrinking federal regulation is unheard of and it is all thanks to the President’s regulatory reform agenda.”

Agencies continue to make progress.

“Most agencies have begun comprehensive reviews not only of their regulations, but guidance documents, policies, information collections, and other written materials that impose burdens on the public,” Meadows said. “Many agencies have already started to ‘clean house’ by starting the process to repeal or amend regulations.”

In May, Meadows introduced H.R. 2623, the “Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act” to codify President Trump’s executive order.

To watch Rep. Meadows’ full opening statement, click here.

Rep. Meadows chairing a hearing on regulatory reform

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