Congressman Fred Keller signs letter calling for regulatory relief to supercharge COVID-19 economic recovery
Washington, D.C. – Congressman Fred Keller (R-PA) recently signed a letter led by House Small Business Committee Ranking Member Steve Chabot (R-OH) calling for Congress to reduce red tape and roll-back unnecessary regulations that cost small businesses and employees trillions of dollars as part of the federal response to COVID-19.
The call for regulatory relief to supercharge Congress’ economic response to COVID-19 stands in stark contrast to Speaker Nancy Pelosi’s $3 trillion, 1,800-page liberal wish list which passed the U.S. House of Representatives on Friday. That bill included stimulus payments to illegal aliens, federalized elections, and used the word “cannabis” more than it did “jobs” or “economy.”
“Regulatory reform, whether through paperwork reduction or removing outmoded compliance requirements, is the most efficient means of promoting economic recovery,” the letter reads in part. “In contrast to unsustainable increases in federal spending, the easing of regulatory burdens–estimated to cost businesses as much as $1.9 trillion –will have a broader macroeconomic affect by promoting competition and private investment. The burden of regulatory compliance on small businesses alone, who create most of the new jobs in the United States, is tremendous as the cost per employee averages out to be $15,003.”
The full letter can be read HERE.
On the letter, Congressman Fred Keller (R-PA) made the following statement:
“Whether it’s the retrofitting of facilities to create personal protective equipment, or removing regulatory burdens for rapid vaccine development, America’s private sector has stepped up during this pandemic and shown what it can do when government gets out of the way.
“Rather than pushing partisan legislation that focuses more on rapidly reshaping the foundations of our country and growing our federal deficit than responding to COVID-19, Congress should be looking at removing regulatory burdens that will allow businesses to rapidly grow jobs and restart the greatest economic engine the world has ever seen.
“We know the best form of economic stimulus is a steady job and that we have been successful in flattening the curve. It is now time for Americans to get back to work safely. Providing regulatory relief will help jumpstart our economy by giving job creators the flexibility they need to rebound from this pandemic.”