Foxx's Bipartisan Regulatory Transparency Legislation Advances From House Oversight & Government Reform Committee
Transparency and accountability are not partisan issues. Democrats and Republicans who worked together to pass UMRA in 1995 believed the American people would be served better if government issued regulations only when the cost of those regulations was fully understood. My colleagues and I still think that’s the case. And while UMRA is good, it needs to be strengthened. The Unfunded Mandates Information and Transparency Act builds off of UMRA and goes even further to make sure government is held accountable for considering how prospective regulatory will impact small businesses and local governments. The legislation is purely about making government work better for the American people by requiring openness and honesty from Washington about the true cost of regulations, whether those costs come in dollars or in lost jobs. It is my hope the strong bipartisan support with which it was introduced will pave the way for its swift passage from the House of Representatives.