U.S. Reps. Tom Marino (R-PA) and Bob Goodlatte (R-VA) applauded House passage of legislation on Monday that would define and limit the implementation of costly “high impact” administrative rules.
The Require Evaluation before Implementing Executive Wishlists (REVIEW) Act, H.R. 3438, would define “high impact” rules as those costing at least $1 billion annually, and would place an automatic stay on their implementation pending judicial review.
Marino, the chairman of the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law, said that hardworking Americans are forced to comply with excessive regulatory burdens that stall economic stability.
“Even when these regulations falter under judicial review, the billions of dollars lost during years of litigation are never returned,” Marino said. “Business owners and their employees are expected to absorb these damages bringing job creation and wage growth to a grinding halt. The REVIEW Act ensures no ‘high-impact’ regulation will unnecessarily burden businesses while undergoing the scrutiny any heavy cost rule should have. Its passage offers a common sense solution to reckless regulation funded at the expense of the American people.”
Under the bill, an automatic stay would be placed on high-impact rules pending final judicial review when a legal challenge is filed within 60 days of a rule being issued.
“High-impact regulations are often litigated in the courts for years, and hardworking Americans too often must cover billions in compliance costs for these regulations even as they pursue successful litigation to challenge them,” Goodlatte, the chairman of the House Judiciary Committee, said. “This costly and wasteful practice is another regulatory burden that can easily be taken off the backs of the American people.”
Goodlatte said that the REVIEW Act would free up billions of dollars that could be spent on jobs and investment in America, in addition to reducing wasteful government spending.