Regulatory Reform Package of Bills Advances in Senate

Published On: May 22, 2017By Categories: Newsline

 

 
The Senate Homeland Security and Governmental Affairs Committee approved a series of bills that would modify the regulatory process.

S. 951, the Regulatory Accountability Act, would require agencies to prioritize cost-effectiveness and codify a cost-benefit analysis requirement. S. 584, the Small Business Regulatory Flexibility Improvements Act, would close loopholes that allowed federal agencies to avoid consultation with small businesses during the rulemaking process.

Other bills also passed out of committee would require advanced notice of proposed rulemakings, legislation to boost transparency in the rulemaking process, and rescind rulemakings.

While the bills advanced along party lines and were passed on a largely partisan basis, Democrats indicated a willingness to work to modify the legislation to gain their support.

Providing additional flexibility and small business input in the rulemaking process would ensure the concerns of small business owners, like many NGWA members, are heard. It would also help reduce the cost of new regulations on industry.

 

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