Noting that the United States' regulatory system dates back to the Truman administration, U.S. Chamber of Commerce senior vice president and chief policy officer Neil Bradley recently congratulated the Senate for considering the Regulatory Accountability Act of 2017 (RAA).
Introduced by Rep. Bob Goodlatte (R-VA-6), the RAA, also known as House Resolution 5, passed in the House of Representatives in January with a strong bipartisan vote of 238-183; in early February, over 600 business stakeholders in all 50 states sent a letter encouraging the Senate to authorize it, according to the U.S. Chamber.
“The business community asked the U.S. Senate to take action to make regulatory reform a reality this year, and they answered that call today,” Bradley said in a statement about RAA. “We applaud Senators (Rob) Portman and (Heidi) Heitkamp for continuing to take leadership on this issue and proving to America that bipartisanship is still alive in Washington.”
Portman and Heitkamp presented the bill recently in the Senate. Bradley said that few adjustments have been made to the guidelines directing the U.S. government’s regulatory system since first conceived.
“Now, under the Trump administration, it’s past time to modernize the process,” he said. “The Regulatory Accountability Act would increase scrutiny of the most expensive rules that cut across industries and sectors, requiring greater transparency and agency accountability. We encourage all Senators to support this bipartisan reform legislation that can encourage business expansion, spur job creation, and ultimately help grow the American economy.”
RAA revises federal rulemaking procedures determined under the Administrative Procedure Act (APA) of 1946.
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