Regulations should also be expedient and unambiguous, seeking to minimize the uncertainty facing industries and small businesses. This is how the government can facilitate, and no longer debilitate, economic growth.
We must encourage innovation and bringing new products or processes to the market. Outdated regulations should be cleared off the books ó especially those created by unelected bureaucrats. Letís go back to the basics of regulatory overhaul and restore a common-sense approach to regulations that encourages innovation and allows small businesses to thrive.
Reps. Doug Collins, R-Ga., and Ted Yoho, R-Fla., are co-chairmen of the Freshman Regulatory Reform Working Group.
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.