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Article I ProjectMay 25, 2016

A1P: Article I Regulatory BudgetActRegulatory Budget Act

The Regulatory System is Out of Control

• Federal regulatory costsregulations – the thousands of pages of do sand don t s !ashington "ureaucrats i#pose on A#ericans e$ery year –

are esti#ated to cost A#erican fa#ilies and "usinesses al#ost %2trillion annuallyper year &

• 'h is ese costly rules act as a (hidden ta)* arti+cially in ates the costsof everything A#ericans "uy and sell, all -ithout a single $ote in.ongress& that i#pose costs on pri$ate entities&

• /#all "usiness dyna#is# and econo#ic gro-th ha$e "een slo-ing inrecent years& egulations hurt -or ing fa#ilies and s#all "usinesses-hile unfairly helping giant corporations -ho can a ord all theincreased o$erhead costs&

• And it s all "ecause 'hese regulations are i#ple#ented "y unchec edfederal agencies #ade up of unelected "ureaucrats and are notaccounta"le for their actions&

• .ongress has spent decades delegating handing o their its legislati$econstitutional po-ers to the 3)ecuti$e 4ranch – to duc politicalresponsi"ilityaccounta"ility for actual policy decisions&

A1P Seeks toReforms Would ake Congress and AgenciesAccounta!le to the American Peo"leAgain

• nder the .onstitution, the federal go$ern#ent is supposed to -or forthe A#erican people, not the other -ay around&

“we need to changethis textThe power of the executive branch has grown far beyond what the

founders intended. The Regulatory Budget Act would rein the costsassociated with that power back in one regulation at a timeBy putting

Congress back in charge of federal policymaking the Regulatory Budget would put the American people back in charge of !ashington."

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• .entral a#ong to A1P s goals agenda to re7e#po-er .ongress, and "ye)tension the A#erican people, is to restore direct, accounta"lecongressional control o$er the federal regulatory syste# #

• 4y putting Congress "ac in charge of federal policy#a ing, -e can putthe A#erican people "ac charge of !ashington&

The A1P Article I Regulatory Budget Act Would:

• Pro$ide an acti$e role for e8uire .ongress in settingto appro$e totalthe le$els for the cost of regulat ory costs 3)ecuti$e 4ranch agenciescould i#pose each year, incenti$i9ing regulators to #a e regulations ascost7e ecti$e as possi"le&ions pro#ulgated "y agencies&

• 3)pand the President s "udget re8uest to include a re8uest forregulatory cost authority for ne- rules&

• e8uire signi+cant guidance to go through a period of notice andco##ent3li#inate the a"use of regulatory (dar #atter &*

• Place hard cost caps on regulators to encourage the# to re$isit andre$ise old rules to reduce the econo#ic cost of current regulations&

• 3sta"lish an enforce#ent #echanis# for regulatory cost controlthrough the appropriations process&Auto#atically defund enforce#entof any rule that "reaches an agency s regulatory cost cap&

• e8uire .4 and M4 to "uild a regulatory "aseline that enco#passesthe costs i#posed on the econo#y "y all current and proposedregulations&

• 3#po-er .4 to score legislation on "oth +scal and regulatorycosts&3#po-er $oters to hold epresentati$es and /enators responsi"lefor dysfunctional and a"usi$e regulations&

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