The Regulatory Accountability Act (RAA) is the biggest threat to environmental standards, workplace safety rules, public health, and financial reform regulations to appear in decades.
The GOP-sponsored legislation calls for drastic changes to the Administrative Procedure Act, a cornerstone of the U.S. legal system that has served Americans well for more than 60 years. The bill acts as a kind of “super-mandate,” overriding decades of labor, health, safety, and environmental laws by putting corporate bottom lines ahead of public and worker safety.
H.R. 3010 will not improve the regulatory process – it will cripple it. The bill adds dozens of new analytical and procedural requirements to the rulemaking process, which will add years to the process and, consequently, tilt the regulatory process in favor of business groups and others who want to stop regulations.
Federal agencies – including the Securities and Exchange Commission, the National Labor Relations Board (NLRB), Consumer Product Safety Commission (CPSC), and the Consumer Financial Protection Bureau (CFPB) – will find it much more difficult to develop and issue new financial reforms and consumer protections under this harmful legislation.
Click here to tell your House Representative to vote “NO” on the Regulatory Accountability Act.