Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) appeared on the Hugh Hewitt Show this morning to discuss the work the House is doing on regulatory reform to help move our economy forward.
Listen to the full interview here.
On the economic impact of the House’s regulatory reform agenda:
“There’s three pillars of what has to happen here. We’ve got to get growth in our country again. We’ve got to get our economy moving. One happens to be dealing with health care. Second has to be with tax reform. And third is with regulatory reform. Now we’re already starting on the regulatory reform—if you watched what we passed last week with REINS Act, the Midnight Rule, this week the Regulatory Accountability Act. And starting January 30th is when Congressional Review Act—remember that old bill from the 90s—that becomes privileged on January 30th. So you’re going to see in February, the first two weeks, a lot of those regulations that were in the last 60 legislative days start moving to be repealed. Because people don’t quite realize, since the November election to January 5, this Administration, Obama’s, has authored 145 new regulations, they’ve enacted more than $16 billion on us just since the election.”
“This was a different election; this was a reform election. The American public is expecting fundamental change—structural change in Washington. We’ve got to take that Article I power back but from the same standpoint we have to roll some of this back because it has become to burdensome. The CBO has done a study in the last five years this Administration has enacted 82 on average regulations of major ruling. … This just adds thousands of dollars to everybody’s lives, adds hundreds of hours of paperwork, and you’re not getting the productivity.”