U.S. Sen. Roy Blunt (R-MO), alongside Sen. Angus King (I-ME), reintroduced the Regulatory Improvement Act on Wednesday, legislation that would create a commission to review regulatory language to eliminate outdated, irrelevant or otherwise ineffective regulations.
Thousands of new regulations are implemented every year in many different industries. Currently, federal regulations are screened before their activation, but because there are so many overlapping and dynamic rules, thousands of regulations build up without a way to enforce them efficiently or track their effectiveness.
The Regulatory Improvement Act would seek to improve this situation by creating a bipartisan Regulatory Improvement Commission that would draw stakeholder input to reach a consensus on how to retain essential environmental, public health and safety protections with minimal compliance costs for American companies while encouraging innovation and cultivating a culture of competitiveness.
“Every day, I hear from Missouri families, farmers, and job creators who are burdened with too many confusing, inefficient, and duplicative government regulations that continue to hold back economic growth and job creation,” Blunt said. “Americans need more economic certainty, and this bill will give us a better process to streamline regulatory burdens and help job creators, entrepreneurs, and innovators grow and hire more people.”
The cosponsors for the bipartisan legislation include Sens. Jeanne Shaheen (D-NH) and Roger Wicker (R-MS).