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Bills

Congressional Legislation Details

Title as Introduced:

Rep. Ribble's Regulatory Moratorium and Jobs Preservation Act

Bill Number:

H.R.2898

Description:

Provides that no significant regulatory action be taken until the unemployment rate falls below 7.7 percent, the level when President Obama took office in 2009.

Bill Sponsor

Reid Ribble (REP WI)

Co-Sponsors:

Our Position:

We support this bill.

Dear Congressman Ribble,

On behalf of more than 1.8 million Americans for Prosperity activists in all 50 states, I write in support of your proposal to reinvigorate the American economy. Recently, you and three of your colleagues introduced H.R. 2898, the Regulatory Moratorium and Jobs Preservation Act. Your bill would halt damaging regulatory actions until unemployment falls below 7.7 percent.

The measure eases burdens on American businesses – those directly responsible for innovation, job creation, and economic growth in this country – in a number of ways. It temporarily halts the rising tide of red tape that ensnares American business owners in hours of paperwork, allowing them to focus on growing their business instead of the growing volumes of the Federal Register. It snaps the streak of rapidly expanding regulatory compliance costs, a “hidden tax” that in 2008 cost American businesses more than $1.75 trillion. And it ends the confusion and uncertainty about the future that jeopardizes new investment.

Click here to read AFP's full letter of support!

Status:

Referred to House Judiciary

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