Adopted and implemented correctly, regulatory oversight can boost competition and make markets more effective for everyday people. Unfortunately, some regulations can impose obstacles to new businesses, running the risk of stifling growth and limiting entrepreneurial opportunities. In many cases, regulatory oversight protects middle class Americans but still needs fine-tuning to operate more effectively.
More on Regulatory Reform
Today, Speaker of the House Nancy Pelosi named Representative Derek Kilmer (D-WA) Chairman of the new Select Committee on the Modernization of Congress.
After the announcement, Kilmer made the following statement:
New Democrat Coalition Chair Derek Kilmer (WA-06) released the following statement after he led a years-long push for rules changes that will modernize the House and make its processes more accessible and ultimately accountable to the American people.
Following the House’s adoption of the new Rules package, Kilmer made the following statement:
New Democrat Coalition Chair Jim Himes (CT-04) and Rep. Gregory Meeks (NY-05) together with fellow members of the New Democrat Coalition who serve on the Financial Services Committee submitted a comment letter urging the Office of the Comptroller of the Currency (OCC) to avoid potential pitfalls and incorporate their principles for modernizing the Community Reinvestment Act’s (CRA) regulatory framework. The OCC has solicited feedback on modernizing CRA, originally enacted to address the lack of credit and financial services in low and moderate-income communities.
Today, New Democrat Coalition Members sent a letter urging the House Rules Committee to adopt rules that will promote more bipartisanship and consensus building. This letter, led by New Democrat Coalition Vice Chair for Policy Coordination Derek Kilmer, outlines principles to restore the democratic process to give constituents a voice in our Nation’s Capital again.
Today, New Democrat Coalition Chair Jim Himes (CT-04) released the following statement after the House voted 258-159 to pass S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act:
Today, New Democrat Coalition Members sent a letter to Secretary Elaine Chao urging her to take immediate action in implementing existing law to expedite project approvals. The U.S. Department of Transportation, with the support of Congress, has authority to take action on bipartisan streamlining reforms, yet the Department has not utilized the tools at its disposal to improve the federal permitting process and avoid duplicative efforts.
The New Democrat Coalition’s 21st Century Infrastructure Task Force, Co-Chaired by Reps. John Delaney, Elizabeth Esty, Stacey Plaskett, and Norma Torres, along with Chair Jim Himes, released the following statement on President Trump’s infrastructure plan:
Today, the New Democrat Coalition 21st Century Infrastructure Task Force, along with Chair Jim Himes, released a set of priorities to increase long-term federal investments in all types of infrastructure. We need to modernize America’s infrastructure, create an infrastructure bank, incentivize rebuilding communities of need, and encourage innovation and reform.
The New Democrat Coalition released a set of principles to increase long-term federal investments in infrastructure improvements. Infrastructure projects are consistently evaluated as the best return on government investments, and with all the devastation that many of our cities and towns have faced in recent weeks, infrastructure investment is more important now than ever.
Today New Democrats voted against the Regulations from the Executive in Need of Scrutiny (REINS) Act. The REINS Act undermines the power of agencies set up to enforce governmental regulations by requiring Congressional approval of all major rules. Instead of improving America’s regulatory environment, the bill will paralyze executive branch rule-making leading to inefficiency in government.