This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
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Rubio: “La Tenacidad y Valentía del Pueblo venezolano Estarán a la Vista”
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...
Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
Reining in the Feds
Later today, the House of Representatives will seize the opportunity to bring some common sense to the outdated regulatory system in America. It will pass the Regulations from the Executive in Need of Scrutiny Act (REINS Act) and send the Senate yet another bipartisan bill that we should pass and send to President Obama, who should sign it. A veto, which the president has threatened, would send another job-stifling chill through the American economy.
The REINS Act, introduced by Rep. Geoff Davis and Sen. Rand Paul, would require that Congress approve every new “major” rule proposed by the executive branch before it is enforced. A “major rule” is any rule that is determined by the Office of Management and Budget (OMB) to result in an annual effect on the economy of $100 million or more.
Burdensome regulations are hurting job creation in America. As any job creator will testify, job creation happens when the economic environment offers certainty and incentives to start a business or expand an existing one. Unfortunately, regulations coming out of Washington are costly, time-consuming, and burdensome — and oftentimes there is no compelling justification for their existence. These rules force job creators to devote precious resources to hire new accountants and lawyers to comply with the new mandates, instead of focusing on hiring a new engineer or investing in equipment. In fact, a recent Gallup poll put “complying with government regulations” at the top of concerns faced by small-business owners.
This year alone, 772 regulatory documents have been deemed “significant” under the president’s definition, heaping an estimated $230 billion in new compliance costs on the struggling economy. A staggering 76,292 pages of regulations have been added to the Federal Register, and the expected paperwork burden for businesses stands at 119.4 million hours per year. Regulations based on sound science that keep the American people safe are an important function of the federal government, but it is quite clear that our runaway regulatory system must be reined in to help foster private-sector job creation. An estimate from the American Action Forum finds that passage of the REINS Act could yield regulatory cost savings of over $40 billion and save 55,000 jobs.
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