Who Pays for Rolling Back Regulations?

“The new Congress and administration seem to understand—as Oscar Wilde once quipped—the price of everything and the value of nothing,” Joe Valenti and Rebecca Buckwalter-Poza write for the Center for American Progress.

“The House of Representatives is quickly advancing bills that would cripple federal agencies’ abilities to issue and implement regulations. The 2017 version of the Regulatory Accountability Act, or RAA, for example, now under consideration in the Senate, combines the provisions of six separate bills aimed at gutting government. The bill would add more than 80 steps to rulemaking, including gratuitous analyses, and impose a six-month delay on the implementation of all new rules. It would also require agencies to adopt the rules that are the least costly to big business… Not to be outdone, President Donald Trump has issued three executive orders on regulations.”

“Proponents of this anti-regulatory push claim that regulations are pricey for businesses and suppress economic growth. But all too often they ignore the value of these regulations to everyday Americans—a value that can sometimes be measured in dollars or even human lives.”

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