Press Releases

Rep. Loudermilk (R-GA) co-authored an amendment to the Regulatory Integrity Act, which would require federal agencies to publish the economic impact estimates of each new regulation they implement. He issued the following statement:



Click HERE to watch Rep. Loudermilk’s full remarks

“We live in an era of vast growth of our federal government, and those bearing the burden of this overregulation are the American people. In fact, the average American family pays about $15,000 per year in hidden regulatory costs. The regulatory burden on our businesses and industry today is nearly $2 trillion per year. This amendment simply requires regulatory agencies to be more transparent with the American people – letting them see the actual cost of each new regulation.”

Background

The Regulatory Integrity Act requires each executive agency to publish either on their website, or on Regulations.gov, a list of details regarding each regulatory action they release, including a summary of the rule, the rule’s development timeline, the intended audience, and the estimated date of finalization.