Hensarling, Lee Unveil Regulatory Budget Act
WASHINGTON—U.S. Congressman Jeb Hensarling (R-TX), joined Senator Mike Lee (R-UT) and Representatives Dave Brat (R-VA) and Mark Walker (R-NC) to unveil the “Article I Regulatory Budget Act.” This legislation – which will, for the first time, require Congress to vote on the total regulatory burden each federal agency may impose on the American people each year – is a part of Article One Project (A1P) initiative Congressman Hensarling launched with Senator Lee earlier this year to reclaim Congress’ constitutional authority from the Executive Branch.
During his remarks, Hensarling discussed why the Regulatory Budget Act was so important to confronting the so-called Fourth Branch of government and restoring the Constitutional order and legislative supremacy of Article I. “Federal regulations come with a cost, albeit a hidden one. If the American people can look up in the federal budget to see the monetary cost of what the IRS or EPA is imposing on them, why shouldn’t they be able to look up what the regulatory cost is? Beyond making the cost of federal regulation transparent, a regulatory budget will also help restore accountability for the cost of regulation onto the people’s elected representatives,” explained Hensarling. “With a regulatory budget, no longer would Members of Congress be able to simply pass the buck and blame faceless bureaucrats for the costs that regulation would impose.”
“There is still a lot more we need to do to restore the Constitutional order – and with it the supremacy of Article I – that has allowed our nation to flourish for over 200 years. That’s what the Article I Project is all about, and the regulatory budget proposal we have here today is a great tool to help us do just that,” Hensarling concluded.
Senator Lee focused his remarks on how we got to this point and why he joined with Congressman Hensarling to start the Article One Project. “Instead of writing laws containing specific rules of action and distinct standards of legality, most major bills passed by Congress simply establish aspirational guidelines, while delegating to the Executive Branch the power to determine the specifics. For the rule-writing bureaucrats, these open-ended laws are gifts that keep on giving. But for the American people, this kind of government without consent is a violation of the social compact at the heart of our Republic and exactly why they no longer trust the federal government. Earning back the American people’s trust is the chief objective of the Article I Project’s agenda to re-empower Congress. And it’s why today we’re introducing the Article I Regulatory Budget Act – a bill that will put the Legislative Branch back in charge of lawmaking and, by extension, put the American people back in charge of Washington.”