Regulations
Reducing Red Tape to spur economic growth.
As a former small business owner, I understand how government regulations have a huge negative impact on our ability to do business, hire employees, and ultimately boost economic growth. Entrepreneurship and innovation are crippled by burdensome regulation and costly compliance. This distracts small businesses from focusing on the innovative ideas that move a business forward and allow them to hire more employees.
As your Representative, I’m working to reduce federal regulations and get the federal government out of your backyard. For example, I supported the REINS Act to require Congressional approval of any Executive regulation that would cost our economy over $100 million. This will apply to a number of areas – from agriculture to insurance.
I'm a firm believer that before we impose a new government regulation, we should thoroughly evaluate its potential benefits and compare them to the costs the regulation will impose. This should be a standard for forming good policy.
As the Chairman of the Financial Institutions and Consumer Credit Subcommittee, a top priority of mine in 2015 will be fighting against excessive regulations in the banking industry, and specifically those that harm community banks.
More on Regulations
The Endangered Species Act (ESA) isn’t working in its current form. It imposes costly requirements on businesses, it restricts property rights for landowners, and it hasn’t been successful at recovering species. In forty years, only two percent of species listed under the ESA have been successfully recovered and removed. It’s clear that we need to make some changes.
The Business Risk Planning Act would eliminate a burdensome federal regulation that directly causes higher prices for consumers.
While market transparency is important to establish fairness, it can also allow market participants to track others' transactions and then take advantage of their positions. This increases the cost of future trades, and the prices ultimately get pushed down to American consumers.
Bill increases transparency and gives communities a greater say during the ESA listing process.
WASHINGTON – Rep. Randy Neugebauer (TX-19) released the following statement today after voting for H.R. 1732, the Regulatory Integrity Protection Act, to require the Environmental Protection Agency (EPA) to withdraw its proposed “Waters of the United States” Rule and re-propose the rule after consulting with state and local officials as well as stakeholders and interested parties:
WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Services Subcommittee on Financial Institutions and Consumer Credit, released the following statement after voting for H.R. 37, the Promoting Job Creation and Reducing Small Business Burdens Act:
I voted yes on H.R. 4012, the Secret Science Reform Act of 2014. This bill makes the increasingly secretive EPA more transparent and more accountable to the American people. Specifically, it requires the EPA to base its regulations on science that's publicly available and sufficient for independent analysis.
Keystone XL Pipeline