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Transcripts For CSPAN2 Key Capitol Hill Hearings 20240622

Regulation is 1. 9 trillion to 1. 9 trillion. These businesses pass on the cost of these regulations in the price of there products. Families are spending about 15,000 a year for businesses to comply with government regulation. I am sure that we can agree mr. Chair, the businesses need to be fairly regulated. But when those regulations are killing jobs that is just not right. Several years ago in aa highly partisan vote with very little republican support for 2300 page. Dot frank bill was passed and since then theyre have been mountains and mountains of regulations and rules designed to smother our Financial Services industry. One part of dodd frank is a great concern of mine the too big to fail regulation. Now, when f soc is trying to determine what bank and other nonfinancial institution should be designated too big to fail it means that the taxpayers we will have to step in and bail them out. We all no theyre is a huge difference. They handle their retirement the Retirement Savings

Transcripts For CSPAN2 Key Capitol Hill Hearings 20240622

You know section 342 that created the office and part of the thing that we have struggled with is the whole reporting authority and the standards for reporting back what those federal regulation officers are doing. Do you have any insight on the program . I think it is important for countries to take a look at their own debt. And its time for us to look in the mirror and address our own problems, including the 18 trillion in debt that we have accumulated at this time. The Federal Reserve has employed and i will say exceptionally accommodated monastery Monetary Policy to spur Economic Growth, but we are now nearly seven years out with the federal funds rate still at the down. The quantitative easing have made it much easier and certainly has solve our longterm debt problem. And both you and your predecessor have argued that the fiscal reform is important over the long term. However, you also stated that the fiscal prudence can be ignored in the short term does not hamper the economic re

Transcripts For CSPAN Key Capitol Hill Hearings 20140227

Would not include language from the same executive order directing agencies to perform these assessments to the extent feasible. Section 10 would require agencies to provide impacted parties in the private sector but not other stakeholders with an advanced opportunity to provide input on proposed regulations. It would require agencies to conduct consultations with private sector businesses as early as possible before the issuance of a notice of proposed rulemaking, expanding this consultation requirement only to the private sector could allow businesses to have an advantage over other stakeholders, as i mentioned previously, such as taxpayers and environmental groups with reference to the development of regulatory proposals. During consideration of this bill by the committee, one of the members offered an amendment that stated any opportunities or rights afforded to a corporation under this section shall also be afforded to any interested individuals. He amendment was rejected. My good

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