Today's News

Seven $1 billion+ regs are on tap; House GOP readies reg relief legislation

White house considers new regulationsPresident Obama on Tuesday informed House Speaker John Boehner (R-Ohio) that his administration is considering seven regulations that would cost more than $1 billion.

Seven proposed regulations would have an estimated annual total cost ranging from $28 billion to $109 billion, Obama said.

Boehner asked for the list of costly rules last week as the GOP prepped a fall jobs agenda focused on stopping regulations and cutting taxes.

Four of the regulations Obama listed as costing more than $1 billion are being considered by the Environmental Protection Agency. The others are from the Department of Transportation. 

One of the proposed EPA rules — an update to the health-based standard for smog — is estimated to cost the economy between $19 billion and $90 billion.

“I agree that it is extremely important to minimize regulatory burdens and to avoid unjustified regulatory costs, particularly in this difficult economic period,” Obama wrote to Boehner. “I have taken a number of steps to achieve those goals.”

The letter comes as the Republican-controlled House prepares to consider legislation that would require congressional approval for any new regulations that would impose a significant cost on industries.

The stop-regs measure could pass in the House, but would be voted down in the Democratic-controlled Senate.

You must register or login in order to post comments.

Multimedia

Videos

Image Galleries

ISHN's Favorite Cover Images

Take a look at some of our favorite cover images!

THE ISHN STORE

ANSI/ASSE A10.1-2011 Pre-Project & Pre-Task Safety and Health Planning

This standard establishes the elements and activities for pre-project and pre-task safety and health planning in construction.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Webinars

ISHN Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!

STAY CONNECTED

Facebook logo logoYouTube

!-- START OF SmartSource Data Collector TAG -->