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 Outdated regulations should be cleared off the books — especially those created by unelected bureaucrats. Let’s 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.