Business Owners Warn Of 4,100 New Regs And The Administration's Secrecy About Them

November 5, 2012 - 3:17 PM

The nation's small business owners are warning of the effects of 4,100 new regulations and the administration's refusal to produce a legally-required report explaining them.

Every administration is legally required to publish a report each April and October in the Federal Register to inform Congress and the public of the administration's regulatory agenda and its potential economic impact. The requirement is part of the Regulatory Flexibility Act of 1980.

The Obama administration has missed its second straight legal deadline for disclosing its regulatory plans and their economic impact to Congress and the American public. No previous administration has ever failed to produce the report even once.

The National Federation of Independent Businesses (NFIB), a 350,000 member trade group expressed concern, warning of the dangers of the Obama administration's "lack of transparency" and failure to comply with a law requiring it to disclose its plans to burden them with 4,100 new regulations.

NFIB's Manager, Regulatory Policy Dan Bosch tells the "Right Views":

"It is concerning that the Obama administration has failed to produce its regulatory plan as required. We know from its previous plan in January that there are more than 4,100 regulations in the pipeline.

"Failing to publish a plan adds considerable uncertainty to small business owners worried that this lack of transparency could indicate significantly more regulations are poised to follow in the months and years ahead."

Sen. James Inhofe (R-Okla.) also blasted the president for refusing to produce the legally required regulatory agenda - suggesting the delay is an election ploy:

"The bottom line is that President Obama knows he can't win reelection if Americans know the truth.  It's bad enough that he's hiding his second term agenda - it's even worse that he's violating the law to do it. "

Sen. Inhofe recently warned that new EPA regulations pending could cost the U.S. up to 887,000 jobs a year.

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