The Red Tape Reduction and Small Business Job Creation Act
The Red Tape Reduction and Small Business Job Creation Act (H.R. 4078) is a package of six bills introduced by members of the Republican Study Committee focused on eliminating excessive government regulations and red tape that make it harder for small businesses to hire and hurt economic growth.
- Regulatory Freeze for Jobs Act (H.R. 4078) by Rep. Tim Griffin (AR-02): stops all new “significant” federal regulations until the national unemployment rate falls to six percent or lower. The unemployment rate has been higher than eight percent for 41 consecutive months.
- Midnight Rule Relief Act (H.R. 4607) by Rep. Reid Ribble (WI-08): stops controversial “midnight regulations” from being imposed during a “lame duck” period after an election.
- Sunshine for Regulatory Decrees and Settlements Act (H.R. 3862) by Rep. Ben Quayle (AZ-03): improves transparency and accountability in the “sue-and-settle” process where special interest groups try to impose new regulations through lawsuit settlements with regulatory agencies.
- Unfunded Mandates Information and Transparency Act (H.R. 373) by Rep. Virginia Foxx (NC-05): exposes the hidden costs of federal red tape by requiring analysis of how changes in federal law affect state and local governments, and small business job creators.
- SEC Regulatory Accountability Act (H.R. 2308) by Rep. Scott Garrett (NJ-05): requires the SEC to conduct cost-benefit analysis of new rules to ensure the benefits outweigh the costs to job growth.