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It's regulation nation week on Fox Business were breaking through the red tape it's -- -- creation job creation that is in America.
Driven by senator Mike Johannes Republican from Nebraska.
There's just introduced three bills that puts the brakes on our nation's rising red tape senator welcome back to the show great to see you know.
And -- thank -- I wouldn't start with the president because the president tells us.
That he's already done what you say you're doing here's the president describing He is unprecedented regulation review.
What I have done and this is unprecedented by the way no administration's on this for -- separate each agency don't just look at current regulations.
Her don't just look at future regulations regulations that were proposing let's go backwards and look at regulations there are him books and if they don't make sense let's get -- of.
-- I think gotten any traction on.
He's got no traction whatsoever I don't think He has -- is agencies or departments down one bit.
Are right so what -- -- builds do.
First -- from the very straightforward it just says look for the next 24 months recall a time out.
The regulations are a big wet blanket on the economy in.
We just say for the next 24 months no new regulations.
The second one did what departments are -- doing is they're issuing guidance documents to avoid the congressional review act.
And that we're seeing what they're gonna be did treated the same way as a rule or regulation.
And then the final one which is a favorite of mine from farm country.
We say to the EPA you're not gonna regulate farm best foreign investors that natural byproduct of farming.
And so those very regulations.
I believe me -- some of this administration down.
Yet at the -- -- thing to me was can with can founding as well I I don't know how you get rid of that without stopping -- really.
I want to that mentioned here that there were 75.
New major regulations put in place since the beginning of the Obama administration's.
The cost of those 38 billion dollars can you really stop this it seems to me it's a juggernaut that never goes away.
Yeah -- you're right you know if you look at the burden of regulation of this administration we counted 54000.
Pages of regulations have been issued in 2011 if you can imagine that's not.
Count mean what they have done in that two years before that which was horrendous.
The answer is yes we can step but we can't take legislative action that just essentially says time out.
What Preston doesn't realize I don't think although He -- Is that this massive amount of regulatory effort is paralyzing.
The economy it is her -- seen those who create the jobs.
Well a lot of -- say that gathered -- especially small business the burden falls on small business that the heaviest.
I want to -- is something funny from the GAO report.
They say every president cents President Carter.
As directed agencies to evaluate or reconsider existing regulations the most common result was a decision by the agencies that no change be made.
When you consider that women make a lot of sense to simply sunset.
These rules when you put in place they're good for a year two years five years but they don't last indefinitely because.
Frankly we have so many rules on the books that were written decades ago and have no meaning.
-- another great idea I mean letter late -- -- agencies and departments to periodically review.
What was put on the books years ago makes a tremendous amount of sense.
You pair that up with what I am doing here which is saying look time out for the next two years we could get on top of this situation.
The most importantly.
We would bring certainty to an economy that desperately needs that certainty.
It did it is it too much to say let's have no regulations at all though because at the end of the day.
Might there be safety regs you need to put in place just to keep people safe something fundamental that may be learn any.
I'm thinking about right now.
No I think that's very very true and I I've said all along it in this two year moratorium.
We come across those issues we can always except them we can I say look this is fundamental for safety.
I get that you know you're talking to somebody who has the mayor of the community we have building codes we had fire and safety codes.
It definitely want to make sure that that kind of work continues to be done.
But they have gone so far beyond that this administration.
It's just it's impossible to describe.
Just how onerous the rule making is and in many cases what they're doing is defining rules that just hammer.
Hammer the job -- -- now do you explain that some federal agencies it's not it's not -- they're necessarily enforcing but just some guidance they're getting.
That a lot of businesses actually reacted when then it hurts their businesses explain how that happens.
-- so what happens.
-- every department or an agency out there that looks at the rule making process and says.
Oh my goodness that takes time out got to do publications I got to receive comments and look at those comments.
I want to do this really fast so they send out -- letter -- guidance document that says we think you should do it this way and that way.
While business gets the male let's say they get it from the EPA they'd look at what is the end suggested -- say did themselves all my lowered.
I do not -- -- get cross ways with the EPA.
I'm going to have to follow this right in so it operates just like a role.
Good food the other things -- -- -- congress didn't even pass right this is something that some bureaucrat in Washington -- might be a good ideas so they write a letter and they send it out.
Jerry your absolutely right not only did congress not -- it.
We have no review.
Guidance documents -- my legislation would do is.
Say that has to come under the congressional review act.
All right well interesting stuff.
New -- major -- 38 billion dollars but some breaks on that senator thanks for the help today.
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