Chairmen Upton and Stearns welcome administration's acknowledgment that federal regulations are harming nation's economy, stifling our recovery
WASHINGTON, DC – On Wednesday, January 26, 2010, at 10:00 a.m. in Room 2123 of the Rayburn House Office Building, the Energy and Commerce Subcommittee on Oversight and Investigations will hold a hearing entitled The Views of the Administration on Regulatory Reform. Chairman Fred Upton and Subcommittee Chairman Cliff Stearns look forward to discussing the Obama administration’s regulatory executive order and determining its impact on jobs and the economy. Upton and Stearns are especially concerned with the chilling effect unnecessary government mandates are having upon job growth.
In a January 18th op-ed in The Wall Street Journal on the executive order, President Obama wrote, “This order requires that federal agencies ensure that regulations protect our safety, health and environment while promoting economic growth. And it orders a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive… And finally, today I am directing federal agencies to do more to account for -and reduce -the burdens regulations may place on small businesses.”
Previewing Wednesday’s hearing, Chairmen Upton and Stearns said, “We are pleased the administration shares our concerns that burdensome regulations are stifling investment and chasing jobs overseas. We need to focus on putting more Americans back to work. We look forward to hearing the administration’s proposed solutions for reforming the nation’s excessive regulatory scheme.”