WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) today praised House passage of H.R. 5982, the Midnight Rules Relief Act, bipartisan legislation to give Congress the power to stop, with one vote, all last minute regulations issued by the Obama administration.
"Over the last eight years, the Obama administration has gone on a regulatory rampage," Chairman Chabot said in his speech on the House floor. "For each year, the administration’s major rules have cost over $100 billion annually. A disproportionate share of those enormous costs have fallen on America’s 28 million small businesses."
"As Chairman of the House Small Business Committee, I have heard firsthand from the owners and employees of these small businesses in our hearing room and back home in Ohio how these new regulations have harmed them personally," Chabot added. "The last thing they need right now is a new flood of regulations from the President’s army of bureaucrats as they beat a hasty retreat out of Washington."
"This common-sense, bipartisan legislation will give Congress the power to stop all midnight rules with one vote. Next weekend, we will celebrate Small Business Saturday – an opportunity to celebrate small businesses and recognize they are the key to making our economy succeed. Midnight regulations are an imminent threat to their success," Chabot concluded.
BACKGROUND: Earlier this week, Chairman Chabot, House Majority Leader Kevin McCarthy and other House Committee Chairmen sent a letter to the heads of all Cabinet departments and federal agencies warning them against moving forward with Midnight Regulations.
