November 18, 2014

Crapo Introduces Legislation To Reduce Onerous Government Regulations On Job Creators

Washington, D.C. -Joined by U.S. Senator Rob Portman (R-Ohio), Idaho Senator Mike Crapo todayintroduced a bill to reduce excessive unfunded government mandates on job creators, giving them greater freedom to invest in their companies and hire new workers.

"Businesses across the nation continue to struggle under the heavy weight of the federal government," said Crapo.  "Removing the tremendous burdens placed on job creators and strengthening policies that encourage, not stifle, innovation is key to the kind of economic restoration our country needs.  Federal mandates are too often imposed without careful consideration of the negative economic consequences. This measure promotes more comprehensive decision-making and will cut down on excessive regulations by requiring federal agencies to fully evaluate the costs and benefits associated with any proposal."

"At a time when American employers are struggling to expand and create good-paying jobs, the federal government should not be imposing unnecessary costs on the private sector," said Portman. "As we continue through the weakest economic recovery since the Great Depression, we should be pursuing policies that make it easier, not harder to hire. This legislation will help job creators compete globally rather than be held back by stifling government mandates."

The legislation would strengthen the Unfunded Mandates Reform Act of 1995 (UMRA), for which Crapo was a co-sponsor in the 104th Congress. UMRA was a bipartisan effort to prevent Congress and federal regulators from blindly imposing regulations on the private sector and on state, local and tribal governments without first weighing the potential economic impacts.

Among other measures, the legislation would require agencies to specifically assess the potential effects of new regulation on job creation or job loss; consider market-based and non-government alternatives to regulation; require agencies to choose the least burdensome regulatory option that achieves the policy goal set out by Congress; extend UMRA to independent agencies; and permit courts to review an agency's economic impact analysis under UMRA.

Crapoand Portman originally teamed up to introduce the legislation in the 112 th Congress