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U.S. House Approves Regulatory Accountability Act

 

COLUMBUS, Ohio — The U.S. House of Representatives passed bill H.R. 185, which would increase transparency and accountability to legislators imposing new regulations. The bipartisan bill, called the Regulatory Accountability Act of 2015, was introduced by House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and Congressman Collin Peterson (D-Minn.).

In short, the bill would require, for any new proposed regulation, a thorough analysis of various regulation options, including a cost-benefit analysis – a practice many business strategists rely on to help determine the best course of action – and increased public participation in development of the regulations.

The bill is designed to encourage an environment where, for the HVACR industry in particular, government and business leaders work together to create smarter, more cost-effective regulations that are reasonable for the industry and HARDI members while still being in the best interest of Americans and future generations.

“HARDI has always sought to improve the process of regulatory development. To that end, we applaud the House’s resolve to strengthen it. Increased collaboration with the people a proposed regulation matters to most will help our legislators ascertain the full impact of their regulatory decisions. As the collective voice and advocate of HVACR wholesale distributors, HARDI wholeheartedly supports this bill that lets our members’ voices ring louder,” said HARDI CEO Talbot Gee.

H.R. 185 will now be referred to the Senate. Should it pass the Senate, it will go to President Obama, who has already stated intentions to veto the bill.

For additional information, visit www.hardinet.org.