|Posted:||January 30, 2018 02:12 PM|
|From:||Senator Patrick J. Stefano|
|To:||All Senate members|
|Subject:||Resolution Urging the U.S. Senate to Support the Regulatory Accountability Act|
|In the near future, I plan to introduce a resolution supporting S 951, the Regulatory Accountability Act, and urging the United States Senate to consider, and adopt, this Act.
The Administrative Procedure Act, which governs the federal rulemaking process, has not been updated in the last 70 years. Over this period of time, federal regulatory rulemakings have increased in quantity, and often in costs as well. These costs are frequently then imposed on state and local governments, who having had no influence in the decision making, then must provide the additional funds to meet the new regulatory requirements.
The Regulatory Accountability Act, if implemented, would require that a federal agency proposing a rule of greater than $100 million annually, to hold administrative hearings related to the research used to reach the decision. Similarly, for rules with costs greater than $1 billion, the agency must provide a cost-benefit analysis, and be required to select the most cost-effective method.
The passing of the Regulatory Accountability Act would restore the transparency and accountability that was initially intended to be incorporated into our federal government. This is a bipartisan issue that will ensure the most effective measures are put into place, saving our Commonwealth’s business and taxpayers from being unduly burdened with the cost required for these regulations.
I ask that you join me in supporting the Regulatory Accountability Act (S 951) and urging the United States Senate to pass this important piece of legislation. If you have any questions regarding this information, please contact Jake Gery in my office at 717.787.7175
Introduced as SR279