A Better Way -- U.S. House Republican Vision For A Confident America

U.S. House Speaker Paul Ryan -- A Better Way 2016
U.S. House Speaker Paul Ryan -- A Better Way 2016
A Better Way To Grow Our Economy
A Confident America is the best place in the world to live, work, build things, start a business, and raise a family.

Regulations are important. They help protect our health, safety, and well-being, and provide firm rules for us to live by. But taken beyond their initial purpose -- and to an extreme -- regulations can stifle innovation and infringe upon liberty.

The current system is costly and closed to innovation. In 2015, regulations cost us $1.89 trillion in lost productivity and growth. Put another way, if our regulatory system were a country, it would have the world's 9th largest economy, behind India. Indeed, red tape is an empire in its own right.

There are no limits in the amount of regulatory costs Washington can impose each year. Few old regulations are taken off the books. And where we see new sources of innovation -- from energy to the internet itself -- regulators see new chances for control. Even Congress is complicit, having delegated broad authority to unelected bureaucrats. Regulators can regulate first and never have to answer questions later, while you have little recourse or say in the process. All this adds up to a system that favors established interests -- big government, big labor, and big business -- over hardworking Americans and consumers.

Key Facts:

70 = The age of our outdated law that governs regulators.

2.35 million = New jobs potential due to America's energy boom.

21 = Percentage surge in checking fees thanks to Dodd-Frank.

840,000 = Number of students whose financial aid is jeopardized by education regulations.

400 = The number of pages of FCC internet regulations.

Our Ideas:

1. Provide incentives to federal agencies to rely on non-regulatory approaches.

2. Federal agencies should defer to state and local governments.

3. Pursue agency-by-agency reforms to identify whether regulation is actually required.

4. Adopt federal regulatory approaches based on states' successes.

5. Require advance notice of proposed major rulemakings.

6. Extend the five-year mandatory review period for air quality rules to ten years.

7. Empower states to regulate hydraulic fracturing.

8. Rein in the use of "guidance" to advance significant regulatory changes.

9. Demand meaningful opportunities for public input in the rulemaking process.

10. Eliminate frivolous lawsuits.

11. Eliminate class-action lawsuits for the non-injured or noncomparable injuries.

12. Eliminate lawsuits that abusively add innocent businesses or individuals.

13. Eliminatre abusive sue-and-settle decrees and settlements.

14. Require agencies to have cost-benefit analysis for new rulemakings.

15. Codify a complete prohibition on requiring permits for normal farming, ranching, and silviculture activities , as well as pond, ditch construction, and maintenance.

16. Sunset regulatory programs through the reauthorization process.

17. Give less judicial deference to agencies.

18. Institute federal regulatory system budgeting tools to tame runaway federal regulatory costs.

19. Stop agencies from creatively interpreting the law's requirements to avoid compliance.

20. Conduct robust oversight over agency compliance with the statute's requirements.

21. Create an independent commission to assess regulations.

22. Require congressional approval of new major regulations.

23. Amend the National Environmental Protection Act (NEPA) to prohibit the agency from circumventing the rulemaking process.

24. Reform NEPA to eliminate delays and unnecessary duplication.

25. Clarify that NEPA does not allow for the establishment of "proxy" analysis in the absence of environmental impacts.

26. Require the Securities and Exchange Commission (SEC) to pay closer attention to the needs of small businesses.

27. Require the SEC to act on recommendations that will help small businesses and startups access the capital markets.

28. Modernize the regulatory regime of Business Development Companies (BDCs).

29. Create a consumer-friendly, science-based, uniform food-labeling framework for products.

30. Require regulations to have jobs analysis, as well as the impacts on low-income households.

31. Require consideration of cumulative regulatory impacts and codify features of the executive orders on rulemaking.

32. Require costly federal regulations based upon public data.

33. Create a user-friendly dashboard or enhanced version of Reginfo.gov.

34. Require additional time for public comment.

35. Prevent high-cost regulations from taking effect during litigation.

36. Identify agency-specific reforms for less economically significant regulations.

37. Waive penalties for first-time, non-harmful paperwork violations by small businesses.

38. Eliminate duplicative paperwork requirements.

39. Review whether transmission rates are just and reasonable.

40. Prevent the Environmental Protection Agency (EPA) from imposing additional constraints on the electricity markets.

41. Require the Nuclear Regulatory Commission (NRC) to develop a new regulatory framework focused on current nuclear technologies.

42. Reduce burdensome regulations in the financial technology sector.

43. Incentivize states through a "bottom-up" approach for clean water regulations.

44. Repeal the "waters of the United States" rule.

45. Require EPA and Army Corps of Engineers to develop a new proposal consistent with the law.

46. Ensure that no infrastructure project gets caught up in red tape because it crosses the Canadian or Mexican border.

47. Remove impediments to investment in existing hydropower facilities.

48. Streamline approvals of new hydropower facilities.

49. Create deadlines for federal approvals of natural gas export facilities.

50. Require federal regulators to consider the energy security implications of decisions.

51. Eliminate unnecessary staff and programs in the Nuclear Regulatory Commission.

52. Repeal all climate-change regulations under the Clean Air Act.

53. Repeal EPA's two rules under the Clean Power Plan targeting new and existing electric generating units.

54. Require clear net benefit to block domestic energy projects.

55. Rewrite the 2017-2022 Five Year Outer Continental Shelf (OCS) Oil and Natural Gas Leasing Plan to encourage offshore energy production.

56. Permit offshore seismic research and analysis through the Department of Interior.

57. Eliminate duplicative agencies that regulate offshore energy development.

58. Give states greater access to management decisions and responsibilities over federal lands within their borders.

59. Give states opportunity to manage the leasing, exploration, production, and reclamation within their borders.

60. Adhere to strict permitting deadlines in the regulatory process.

61. Increase into the science used in Endangered Species Act (ESA) listing determinations.

62. Provide clear recovery goals for ESA listings.

63. Turn the Consumer Financial Protection Bureau (CFPB) into a bipartisan, five-member commission.

64. Subject CFPB to congressional approriations to bring accountability and transparency to their operations.

65. Establish an Inspector General for the CFPB.

66. Tailor regulations to fit a bank or credit union's small size and business model.

67. Let financial institutions appeal exam findings without incurring retaliation from a regulator.

68. Allow more small banks and savings & loans to access capital.

69. Allow lenders to customize loans to a borrower's individual needs.

70. Modify the definitions of a mortgage originator and a high-cost mortgage.

71. Provide clarity to the calculations of points and fees in mortgage transactions.

72. Give Mortgage Loan Officers flexibility to move from depository institutions to non-depository institutions.

73. Stop the CFPB from banning financial products that many consumers want or need.

74. Create a small business advisory board.

75. Bring the CFPB into the normal and transparent congressional appropriations process.

76. Repeal indirect auto lending guidance rules that hurt people trying to buy a car.

77. Support solutions-based approaches to the unbanked and underbanked.

78. Repeal the harmful "fiduciary" rule.

79. Streamline regulations for banks.

80. End bailouts and "too big to fall."

81. Repeal bureaucrats' ability to grant special government protection to big financial companies.

82. Repeal harmful provisions of Dodd-Frank.

83. Expand the Securities and Exchange Commission's (SEC) and the Department of Justice's (DOJ) authority to obtain monetary penalties for the most serious securities law violations.

84. Significantly increase the cap for the most serious securities law violations.

85. Increase the maximum civil penalty amounts that can be assessed for violations involving financial institutions.

86. Improve the SEC's enforcement program.

87. Increases transparency of Financial Stability Oversight Council (FSOC).

88. Make FSOC and the Office of Financial Research part of the regular congressional appropriations process.

89. Require the Federal Reserve to give transparency about the factors leading to its monetary policy decisions.

90. Subject the Federal Reserve to the congressional appropriations process.

91. Set requirements to improve transparency and accountability in the National Credit Union Administration's budgeting process.

92. Permit private persons to compel the SEC to seek legal remedies in a civil action.

93. Prevent federal banking agencies from abusing executive power.

94. Preserve important risk management contracts for energy suppliers.

95. Protect important non-bank financial institutions' ability to serve end-users.

96. Retain safe harbors for commodity hedgers from position limits.

97. Ensure stronger protections for consumers against identity theft and fraud.

98. Ensure that sensitive information submitted to the government is fully protected from cyberattack.

99. Repeal onerous higher education regulations.

100. Reform the rulemaking process at the Department of Education.

101. Advance responsible policies to strengthen retirement security.

102. Hold the rogue National Labor Relations Board accountable to workers and employers.

103. Prevent the Federal Communicatioins Commission (FCC) from using broad grants of authority to make the rules up as it goes along.

104. Require FCC rules to expire absent justification for their continued existence.

105. Improve FCC process and transparency.

U.S. House Speaker Paul Ryan -- A Better Way Congress Alliance
U.S. House Speaker Paul Ryan -- A Better Way Congress Alliance
U.S. House Speaker Paul Ryan
U.S. House Speaker Paul Ryan
Republican National Committee
Republican National Committee

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