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MRAA Signs Regulatory Reform Letter

Wednesday, March 12, 2014   (0 Comments)
Posted by: Larry Innis
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MRAA joined several other pro-business trade associations under leadership of the U.S. Chamber of Commerce by signing a letter of support for H.R. 2804, the Achieving Less Excess in Regulations and Requiring Transparency (ALERT) Act. The letter was sent to all members of the House of Representatives.

H.R. 2804 includes major principles of accountability, transparency and fairness drawn directly from several bills. The bill passed the House by a vote of 236-179, with the support of 10 Democrats.

Taken together, reforms of the ALERT Act would allow Congress and the public to reassert control over a federal regulatory bureaucracy that is unaccountable and unfair to business. Specifically, provisions of the bill would: (1) Require federal agencies to submit monthly and annual reports of planned new rulemakings, including estimated costs and benefits to the public; (2) Ensure greater transparency during rule development by allowing public access to data on which an agency relies and requiring agencies to consider lower cost options; (3) Allow stakeholders to receive notice of draft settlements and be given an opportunity for involvement in the drafting process; and (4) Expand the required scope of regulatory impact analysis.