MSCI, More Than 600 Other Groups Ask Congress To Stand Up Against Regulatory Overreach
Last Monday, the Metals Service Center Institute (MSCI) and more than 600 other trade associations and business groups representing all 50 states sent a letter to U.S. Senate Majority Leader Mitch McConnell (R-KY) and U.S. Senate Minority Leader Charles Schumer (D-NY) asking them to consider and pass the Regulatory Accountability Act (RAA) of 2017. The U.S. Chamber of Commerce organized the development of the letter.
The RAA would require federal agencies to invest more effort earlier in the rulemaking process to gather data, evaluate alternatives, and receive public input about the costs and benefits of its rules. According to the groups’ letter, the RAA “builds on established principles of fair regulatory process and review that have been embodied in bipartisan executive orders dating to at least the Clinton administration” and also “stands for good governance and getting rules right by bringing transparency, accountability, and integrity to the rulemaking process at federal agencies.”
The U.S. House passed its version of the Regulatory Accountability Act (H.R. 5) on a 238 to 183 vote in January. Before House passage, MSCI and its allies had sent a letter to leaders in the U.S. House asking for quick action on the RAA.
MSCI’s most recent letter, which can be found here, argued that “federal regulations should be narrowly tailored, supported by strong and credible data and evidence, and impose the least burden possible, while implementing congressional intent.”
Want to learn more about MSCI’s regulatory reform agenda? Check out our advocacy page.