June 30, 2022….With decades-high inflation and news the economy contracted, Congressman Steve Womack (AR-3) just now offered a proposal to reverse the heavy-handed regulatory agenda that has constrained growth and contributed to recession risks. His amendment would prohibit the Department of Labor from proposing any new rules that don’t help reduce inflation or increase job training until the Consumer Price Index (CPI) returns to pre-pandemic levels. This builds on his measure from last week, which would focus the Department of Treasury’s regulatory efforts on reducing the cost of gas or lowering the CPI. These amendments—purposed in bringing cost relief to Americans and small businesses—were rejected by Democrats on party-line votes during House Appropriations Committee markups.
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