Oversight Committee Passes Rep. Meadows' Regulatory Reform Bill
Washington, D.C. – Today, the Oversight and Government Reform Committee passed Rep. Mark Meadows’ (R-NC) bill, H.R. 2623, the Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2017.
H.R. 2623 would mark a substantial legislative shift toward enacting President Trump’s agenda of reducing the size and scope of government. In January of this year, shortly after his inauguration, President Trump signed Executive Order 13771, titled "Reducing Regulation and Controlling Regulatory Costs.” The order directs agencies to repeal two existing regulations for each new significant regulation, and to do so in such a way that the total cost of regulations does not increase.
Rep. Meadows’ bill would codify the President’s order into law—a directive which has already saved U.S. taxpayers $22 million as of August. It would establish a system for easing out-of-date regulations off the books and requiring agencies to pursue smarter, more efficient regulatory action.
“I’m very pleased to see this bill pass the Oversight Committee,” Rep. Meadows said. “In my district, some of the main comments I hear from my constituents are on the need to rein in Washington’s practice of over-regulation, and that’s why we introduced this bill. The American people are fed up with Washington, D.C.’s out-of-control regulatory state that puts the interests of insiders and bureaucrats ahead of everyday Americans on Main Street. They sent us here to fix it. Codifying President Trump’s promise to eliminate wasteful and outdated regulations from the federal registry will go a long way toward jumpstarting the economy, reforming our government’s approach to regulating, and changing the culture of Washington D.C. to drain the swamp that so badly needs reform.”