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Cal Dooley, CEO and president of the American Chemistry Council (ACC), issued the following statement in response to the passage of House Resolution 72, which directs committees to review existing, pending and proposed federal regulations with respect to their impact on jobs and economic growth:
“The American Chemistry Council welcomes the House’s bipartisan action today commencing a review of all federal regulations to assess their effect on jobs and growth. This is another important step in the House leadership’s commitment to a saner regulatory process and economic recovery. The overwhelming vote underscores that this should not be a partisan issue and echoes President Obama’s recent Executive Order and pledge in his State of the Union message to review the federal rules imposed on businesses.
“As a highly regulated industry, we know firsthand the stifling effect excessive and poorly developed regulations can have on innovation, growth and job creation. Striking the right balance with respect to regulation is vital to our ability to compete in an expanding global market and create the high-skilled, high-paying domestic manufacturing jobs the nation needs.
“House Resolution 72 is a step in the right direction and begins the work of regulatory reform in a deliberate and comprehensive way. We urge the president and Congress to continue to move forward, not just in looking at individual regulations, but in reforming the process itself. Bad input leads to harmful and unnecessary regulation, and we must ensure there is sound economic impact analysis and consistent standards for scientific quality, reliability and relevance in rulemaking. Only by improving the process can we ensure rational and balanced regulations.”
For more information, visit www.americanchemistry.com.