|00:00:00||THE GENTLELADY FROM NEW YORK.|
|00:00:02||MY FRIEND ON THE OTHER SIDE, WHO IS MANAGING THE BILL, FROM MISSOURI, I WAS HAPPY TO HEAR YOU SAY THAT THIS MEASURE THAT WE ARE EXAMINING DOES NOTHING TO HINDER THE RULE MAKING PROCESS.|
|00:00:27||I'D LIKE TO HELP YOU OUT IN THAT AREA, IF I MAY.|
|00:00:35||BECAUSE THIS EXPANDS IN THE BILL THE USE OF SMALL BUSINESS REVIEW PANELS TO INCLUDE RULES PROMULGATED BY ALL AGENCIES AND TO INCLUDE ALL MAJOR RULES.|
|00:00:52||I WOULD SAY TO THE GENTLEMAN FROM MISSOURI THAT RIGHT NOW, THERE ARE ONLY THREE RULES, THERE ARE ONLY THREE AGENCIES THAT ARE AFFECTED.|
|00:01:14||WHAT THIS DOES, MY FRIEND, IS EXTEND THE REVIEW PROCESS TO EVERY AGENCY.|
|00:01:24||DO YOU RECOGNIZE, SIR, THAT THERE ARE OVER 50 AGENCIES IN THE FEDERAL SYSTEM?|
|00:01:31||AND SO FOR IT TO BE THOUGHT THAT THIS ISN'T GOING TO CHANGE MUCH IS A GRIEVOUS MISTAKE AND OF COURSE I AM HERE TO HELP YOU OUT TO THE EXTENT THAT I CAN.|
|00:01:48||THE OTHER THING THAT IT DOES, AND YOU THINK THAT THIS WILL NOT CHANGE THE RULE MAKING PROCESS, IS THAT THIS MEASURE WOULD FORCE AGENCIES TO ENGAGE IN SPECULATIVE ANALYSIS INCLUDING AN ASSESSMENT OF ALL REASONABLY FORESEEABLE, INDIRECT ECONOMIC EFFECTS OF A PROPOSED RULE.|
Mr. CONYERS. I thank the gentlelady from New York.
My friend on the other side from Missouri, who is managing the bill, I was happy to hear you say that this measure that we are examining does nothing to hinder the rulemaking process. And I'd like to help you out in that area if I may because this expands in the bill the use of small business review panels to include rules promulgated by all agencies, and to include all major rules. [Page: H8040] I would say to the gentleman from Missouri that right now there are only three agencies that are affected. What this does, my friend, is extend the review process to every agency. Do you recognize, sir, that there are over 50 agencies in the Federal system? And so for it to be thought that this isn't going to change much is a grievous mistake. And of course I am here to help you out, to the extent that I can.
The other thing that it does--and you think that this will not change the rulemaking process--is that this measure would force agencies to engage in speculative analysis, including an assessment of all reasonably foreseeable, indirect economic effects of a proposed rule.
The CHAIR. The time of the gentleman has expired.