House Moratorium on Job-Killing Regulations Could Relieve Economy from Administration Overreach

A session-long quest to ban new federal red tape to allow jobs recovery by U.S. Representative John R. Carter (TX-31) was brought to fruition today as the House passed the Regulatory Freeze for Jobs Act of 2012, H.R. 4078 by a 245-172 margin.

“We have never before experienced such direct actions by an Administration to block private-sector job creation as we have suffered under the Obama Administration,” says Carter.  “This bill can at least provide some regulatory relief until we can get our jobless rate down to 6%.”

Carter introduced the Regulation Moratorium Act, H.R. 1235, in March, 2011, which would have banned implementation of any new federal regulations through January 31, 2013.  The House Republican Conference Secretary then worked with other GOP members to push H.R. 4078 by Rep. Tim Griffin (R-AR) as the final version of a regulations moratorium bill which passed today.   H.R. 4078 prohibits new regulations that cost more than $100 million until the unemployment rate drops below 6%.

"Since January 2009 we have seen one job-killing regulation and executive action after another drive our unemployment rate over 10% at one point, and still above 8% for the longest period since the Great Depression,” says Carter.  “The economy needs government to just get out of the way of recovery, and give our employers and entrepreneurs a break from oppressive new regulations long enough to create some new private-sector jobs.”