|Monday, 13 August 2012 14:45|
Besides dealing with the “Great Recession,” many truckers have been facing a historic increase in regulatory mandates from state and federal agencies – many with significant costs associated with compliance.
In late July, House Republicans in Washington approved the Regulatory Freeze for Jobs Act of 2012 (H.R. 4078). The Act is also known as “The Red Tape Reduction and Small Business Job Creation Act.” The bill is a direct response to complaints from the small-business community about the burdens being imposed from a record-setting pace of regulations emanating from the bureaucratic maze inside the beltway.
The bill would establish a moratorium on significant regulatory actions (which are defined as having a cost of 100 million dollars or more) until the Bureau of Labor Statistics determined the average unemployment rate for ANY quarter is equal to or less than 6 percent.
In supporting this legislation, House Oversight and Government Reform Committee Chairman Darrell Issa (R-California) said, “The President himself, while producing more than 106 major rules costing more than $46 billion, has said, ‘We may be over-regulated.’ His own chief spokesperson, Mr. Sunstein, has said that, in fact, regulations can cost jobs.” Mr. Sunstein is President Obama’s regulatory chief.
Before you get too excited, passage of this bill by the Senate should not be expected. In many respects, this bill is an election year gambit by House Republicans designed to distinguish the GOP from the Democratic Party.