The Red Tape Reduction and Small Business Job Creation Act (H.R. 4078) was adopted last week by the House of Representatives with a vote of 244 to 172. The bill would prohibit any significant regulatory actions from all federal agencies until an unemployment rate of less than 6 percent. This bill does, however, permit regulatory actions in the event that they are deemed necessary by an executive order resulting from national emergencies or other extenuating circumstances. H.R. 4078 also provides a four-pronged definition for “significant regulatory action” and allows for judicial review of any questionable actions implemented by the agencies.
Prior to the final vote of the underlying bill, the House passed by voice vote an amendment by Representative Cynthia Lummis (R-WY) which would require the tracking and reporting of all payments issued pursuant to the Equal Access to Justice Act (EAJA) and the establishment of a publicly available online database. (Contact: Nathan Bowen; Written by: Thomas Allen)
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