WASHINGTON, D.C. – Senator Steve Daines today introduced legislation to rollback the regulatory burdens and uncertainty facing too many Montana small businesses.
Daines’ bill, S.1487, the Regulatory Predictability for Business Growth Act, ensures that small businesses aren’t subjected to unexamined and altered regulations that change at the whims of Washington bureaucrats.
The bill requires any interpretative rule to undergo the Notice and Comment process if there is a change to a previously issued rule. The bill will ensure that any federal agency will not have broad unchecked authority to burden without notice businesses with dramatically altered rules without discussion and input from the public.
This morning, Daines spoke on the Senate floor about the importance of creating predictability in the regulatory process to encourage business growth.
“For far too long, government bureaucracy has stifled our small businesses’ potential,” Daines stated. “We need to decrease regulatory uncertainty and empower Montanans to grow their businesses. The Regulatory Predictability for Business Growth Act will ensure that Americans’ voices are heard in the rulemaking process, providing a crucial planning period for individuals and businesses.”
Daines’ bill is cosponsored by Senators James Lankford (R-OK) and Roy Blunt (R-MO).
In the Senate, Daines has cosponsored multiple pieces of legislation that would foster transparency and accountability for Montanans, including S. 226, the Regulations From the Executive in Need of Scrutiny (REINS) Act of 2015. This bill requires that any new regulation with an economic impact of more than $100 million receives Congressional approval before it is imposed on the American people. Daines also championed the REINS Act while serving in the House.
The full text of Daines’ bill is available here.