Onerous regulations place costly and, oftentimes, unmanageable burdens on the backs of small business owners, which prevent many from hiring additional employees and even force some to close. Small businesses are the cornerstone of our economy and our best job creators. If we want to get our economy back on track and put people back to work, we must be serious about regulatory reform. We need to go beyond reviews and rhetoric and take action.
Last week, the Committee heard testimony from the Honorable Cass Sunstein, Administrator of the Office of Information and Regulatory Affairs, Office of Management and Budget, who is responsible for the implantation of these most recent retrospective reviews. Mr. Sunstein spoke of several changes that will cut costs and be helpful for small business. But while I applaud these changes, I urge Mr. Sunstein to do more and produce more results that provide relief for small business.
The truth of the matter is that undertaking the kind of true regulatory reform needed is no simple task, but it is something we can and must do. We must go beyond the impact of particular regulations and look at the cumulative impact of rules during the rulemaking process. As I told Mr. Sunstein during the hearing, it is easy to make things bigger and more complex but it takes a touch of genius and a lot of courage to move in the opposite direction. I'm hopeful the President and Mr. Sunstein will join with me in undertaking this ambitious goal.