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Congressman George Holding

Representing the 13th District of North Carolina

Congressman Holding Introduces the “All Economic Regulations are Transparent (ALERT)” Act

Jul 24, 2013
Press Release
For Immediate Release: July 24, 2013
Contact: Lindsay Hamilton, 202-225-3032
 
 
Congressman Holding Introduces the “All Economic Regulations are Transparent (ALERT)” Act
 
WASHINGTON, D.C. – Today, Congressman George Holding (NC-13) introduced the “All Economic Regulations are Transparent (ALERT) Act”, which will help businesses and job creators better prepare for the regulatory burdens they face from the federal government.   Congressman Holding released the following statement:
 
“Small businesses greatly contribute to our economic well-being, not just in my home state of North Carolina, but the entire country. When faced with new regulations, small business owners must consider how it will affect every aspect of their business, such as workers’ wages and hours, hours of operation, and daily costs and processes. In order for our economy to grow and businesses to prosper, we should take steps to ensure that they are given sufficient notice of regulations, and have time to adjust their business practices in anticipation of regulatory changes. This bill increases government transparency by requiring the administration to fully detail the effects of regulations, and make things easier on small business owners.”
 
Background: Under current law, the administration is required to release a Unified Agenda of Federal Regulatory and Regulatory Actions twice a year, which sets forth each governmental agency’s proposed regulations. The Obama administration has continuously failed to release its agenda on time, if at all.  The Unified Agenda and Regulatory Plan are vital to businesses that rely on them to anticipate forthcoming regulations and the affects that these regulations will have on their operations and plans – but there is currently no enforcement mechanism ensuring that an administration’s agenda is released in a timely and publically-accessible manner.
 
H.R. 2804, the “All Economic Regulations are Transparent (ALERT)” Act, will force agencies to release detailed information each month about their proposed regulations.  Additionally, the bill would provide consequences for failing to release the Unified Agenda on time, by preventing new rules from becoming effective if an agency fails to provide proper notice that a rule is impending. Agencies would also be required to publish information about their regulations on the internet, along with cost-benefit studies. This gives business owners the time they need to comply with new regulations, and fully evaluate the effects they have on their businesses.
 
H.R. 2804 was introduced by Congressman George Holding on July 24, 2013. House Judiciary Committee Regulatory Reform, Commercial and Antitrust Law Subcommittee Chairman Spencer Bachus (AL), Courts, Intellectual Property and the Internet Subcommittee Chairman Howard Coble (NC), Constitution and Civil Justice Subcommittee Chairman Trent Franks (AZ), Representative Steve Chabot (OH), Representatives Tom Marino (PA), Representative Doug Collins (GA), Representative Jason Smith (MS), and Representative Doug LaMalfa (CA), have all joined as original cosponsors.
 
 
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