Consumer's Right to Choice
Since taking office, President Biden has used the power of the pen to add new, burdensome regulations across all sectors of the economy. The scope of government overreach has reached a point that is untenable. While this trend did not begin with the sitting President, it has grown exponentially under his administration.
A vital tenant of our government is that one branch of government does not hold more authority than the others; the three branches are equal. The executive branch has grown to a size unimaginable by our forefathers. Congress must take back its authority as a coequal branch of government and seriously evaluate regulations from agencies across the federal government. A recent Supreme Court ruling in the case of Loper Bright Enterprises v. Raimondo pushed back against the administrative state. The justice’s decision to overturn what is more commonly known as the Chevron Doctrine, which required courts to defer to the legal interpretations of executive agencies, is a huge win against government overreach by unelected bureaucrats and restores Congress’s Article I authorities.
Moving forward, Congress will need to be more specific with our legislative intent and directives. Over the last two years, I have been focused on promoting pro-growth policies and on keeping the regulatory environment in check. To that end, I introduced the Regulation Reduction Act which requires executive agencies to repeal three or more rules before issuing new regulations. Additionally, as the Chair of the Modernization Subcommittee, I am committed to improving Congress’ ability to oversee executive branch spending and regulatory policy. I look forward to continuing my work to reassert our legislative authority in the wake of this decision by limiting and reducing government overreach.
Regulations, which commonly come from executive agencies, have become increasingly onerous in recent years. Through the power of the pen, the Biden Administration has sought to “forgive” billions in student loans, decimate domestic oil and gas production, and even force lower-risk mortgage borrowers to help subsidize lower rates for high-risk borrowers. According to the National Association of Manufacturers, in 2022 regulatory compliance costs exceeded 3 trillion dollars. These costs break down to $277,000 in average annual compliance for a typical U.S. company and the cost per employee is nearly $13,000.
All in all, unnecessary government spending has created economic burdens for Oklahomans and Americans across the country. We must counter executive action that allows unelected federal rule-makers to bypass Congress. My colleagues and I are committed to protecting Americans’ choices, wallets, time, and jobs.