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Simpson Cosponsors Bill to Reduce Regulatory Burdens

Simpson Cosponsors Bill to Reduce Regulatory Burdens

Washington, D.C. – Idaho Congressman Mike Simpson today announced his cosponsorship of H.R. 968, the Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act.

“Since the Biden Administration took office, I have been alarmed at efforts made to drastically expand federal regulatory authority, often at the expense of states, localities, and individuals,” said Simpson.

H.R. 968 was introduced by Representative Ted Budd (R-NC) and would take several important steps in reigning in the federal bureaucracy.  Specifically, H.R. 968 would codify a 2017 Trump-era executive order to remove unnecessary or outdated regulations when a new significant regulation is issued and manage the cost of planned regulations through an annual budgeting process.

“When it comes to new regulations, we need to strike a balance between ensuring adequate federal oversight, weighing the costs and benefits, and preserving state and local authority and the proper role of government.  Congress is ultimately entrusted to shine light on how federal agencies are spending taxpayer dollars and to look at whether the regulations are appropriate.  H.R. 968 is an important step towards accomplishing this goal and provides crucial transparency to both Congress and the public.”

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