New Bill in the Senate Would Help Erase Excess Regulations
- BY FGA
NAPLES, FL – Senator Eric Schmitt (R-MO) recently introduced the Expediting Reform and Stopping Excess Regulations (ERASER) Act, which would require administrative agencies to eliminate three or more regulations before issuing a new one. It also adds the qualification that the repealed rules must be greater than or equal to the economic cost of the new rule.
“Some of America’s biggest problems, including high inflation and our workforce crisis, are made much worse by runaway regulations and the excessive spending that accompanies it,” said Tarren Bragdon, president and CEO of the Foundation for Government Accountability. “Sen. Schmitt’s ERASER Act is a simple, commonsense reform that would help erase the heavy burden and red tape D.C. bureaucrats pile on our country’s families and small businesses.”
Background
The ERASER Act is another example of this new Congress taking bold steps toward restoring fiscal sanity in Washington, D.C. and reining in an out-of-control bureaucracy. Sen. Schmitt’s legislation comes days after the House passed its debt ceiling legislation, the Limit, Save, Grow Act, which included both the Regulations from the Executive in Need of Scrutiny (REINS) Act and stronger work requirements for childless, able-bodied adults on Medicaid and food stamps.
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The Foundation for Government Accountability (FGA) is a non-profit, multi-state think tank that promotes public policy solutions to create opportunities for every American to experience the American Dream. To learn more, visit TheFGA.org.
