Contact: Mike Donohue
WASHINGTON, D.C. (December 2, 2011)
The American Chemistry Council (ACC) today welcomed passage by the U.S. House of Representatives of bipartisan legislation to reform the process by which federal agencies analyze and formulate new regulations. H.R. 3010, the "Regulatory Accountability Act," passed this afternoon by a vote of 253-167.
ACC issued the following statement:
"We applaud the House Leadership and Chairman Lamar Smith for passage of this common-sense legislation, which would update the Administrative Procedure Act of 1946 to require agencies to identify the costs of proposed regulations before they can impose them on businesses. This will help lawmakers and policymakers to make better informed decisions with a clearer understanding of how federal regulations will affect the U.S. economy and jobs. With this bipartisan bill, the House has again demonstrated its commitment to reforming the nation's cumbersome regulatory system, and we urge the Senate to take action."
As part of its advocacy for reform of the regulatory process, ACC is calling for federal agencies to improve economic models used in regulatory impact analyses; create consistent standards for considering scientific data used to develop rules; and ensure greater transparency in the rulemaking process in order to better understand methodologies and impacts.