Congressman Holding Applauds Passage of Bill to Reduce Regulatory Burdens
Feb 27, 2014
Press Release
For Immediate Release: February 27, 2014
Contact: Lindsay Hamilton, 202-225-3032
Congressman Holding Applauds Passage of Bill to Reduce Regulatory Burdens
WASHINGTON, D.C. – After House passage of H.R. 2804, the “ALERRT Act”, Congressman George Holding (NC-13) released the following statement:
“Excessive regulation means higher prices at the pump and grocery store, lower wages for employees at local stores and small businesses, and fewer jobs for Americans. Under this administration, the regulatory burden has grown exponentially –reaching $1.86 trillion a year, or $15,000 for each American household. That’s not a burden that families can bear in this economy – it’s not one they should have to bear in any economy.
The ALERRT Act cuts back unnecessary regulations, and ensures that where regulations are necessary, they are achieved in an efficient, less costly way. It also increases transparency about the effects and costs of new regulations so that American families and small businesses are informed about what new regulations will mean for them. This bill is essential to promoting economic growth and curbing the explosion of overregulation we’ve experienced under this administration.”
BACKGROUND: As of last December, the Obama administration had approved 240 rules with an economic impact of more than $100 million each. This administration alone added at least $488 billion in new regulatory costs between 2009 and 2012. Congressman Holding introduced H.R. 2804 on July 24, 2013. It passed the House on February 27, 2014 by a vote of 236 yeas to 179 nays.
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