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Legislative Update: House passes regulatory reform legislation

The U.S. House of Representatives has passed H.R. 4078, the Red Tape Reduction and Small Business Jobs Creation Act, by a vote of 245-172. NACD supports this legislation, which would prohibit agencies from issuing the most costly and significant rules until the unemployment rate drops to 6 percent or less, impose transparency on the "sue and settle" process used by agencies and environmental groups to circumvent the rulemaking process, prohibit agencies from proposing or finalizing major midnight regulations in the lame-duck portion of a presidential administration, and streamline the federal permitting process. more

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