U.S. Rep. Tim Walberg (R-MI) introduced three new regulatory reform bills that seek to provide relief to small businesses and American workers.
He introduced a series of regulatory reform bills aimed at providing relief to American workers and small businesses from the Department of Labor's (DOL) regulatory onslaught that has burdened the economy with excessive red-tape. These bills are the product of Congressman Walberg's extensive efforts as Chairman of the Subcommittee on Workforce Protections to conduct oversight of the DOL's costly, top-down regulatory approach.
"Some regulations are clearly important. Left unchecked, however, some regulations can move well beyond their basic purpose and become challenging obstacles to innovation, creativity, and economic growth," Walberg said.
H.R. 6325, the Workforce Regulatory Review Act, creates an independent regulatory review commission tasked with removing a third of the regulatory obligations created by the DOL.
H.R. 6326, the Regulatory Impact on Employment and Wages Act, requires that the DOL study the impacts that major rules have on wages and employment.
H.R. 6327, the Main Street Input Opportunity Act, directs the DOL to convene small business review panels to provide input on regulations. Current law limits these review panels to regulations promulgated by the Occupational Safety and Health Administration (OSHA), and this bill ensures small business input on all workforce regulations.
"As the economy remains sluggish in far too many parts of the country, many Americans are feeling the pain of onerous regulations and stagnant wages. These bills are an important step towards a more responsible and thoughtful regulatory approach that promotes opportunities for a healthy economy and the American worker." He furthered.
Congressman Walberg serves on the House Education and the Workforce Committee as Chair of the Workforce Protections Subcommittee. In addition, he serves on the House Oversight and Government Reform Committee.
The Main Street Input Opportunity Act, H.R. 6327, would charge the DOL with conducting small business review panels in order to relay how regulations are impacting businesses. This would be a modification of the current law, which limits review panels to regulations controlled by the Occupational Safety and Health Administration.
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