As the Senate continues to debate
financial regulation, two senators -
Olympia Snowe of Maine and Mark
Pryor of Arkansas - have proposed
an amendment to ensure that regulators
consider the effects of new rules
on small businesses.
Specifically, the two would require
the new Consumer Financial Protection
Bureau to convene a "Small Business
Review Panel" to assess the effect of
any new rules on small business before
formally proposing them.
Such "Small Business Review Panels"
were first authorized under a regulatory
reform bill signed by Bill Clinton in 1996.
With members representing small
businesses, these panels advise regulators
on the possible effects of new rules -
before the rules are formally proposed.
Currently, two agencies are required
to use these panels: the Environmental
Protection Agency and the Occupational
Safety and Health Administration, which
have them some 40 times over 14 years.
The proposed amendment would
extend their use to the CFPB as well.
These review panels
are no panacea for overregulation
The amendment has drawn
a surprising amount of criticism.
Review panels, they say,
provide small businesses a "privileged"
position in the rulemaking process, warning
that it would result in weaker regulations.
Instead, they are proposing a
substitute which would provide
for panels that would review
small business impacts after
rules are finalized.
In other words,
regulate first, consider
the consequences later.
This makes no sense.
A thorough consideration
of the effects of government
restrictions on small businesses -
or on anyone - is not a privilege.
Its a basic responsibility.
Nor is it a problem
if rules are changed because
of potential harms that they
may impose.
The danger is not that regulators
will respond to new information -
but that they will not.
The Snowe-Pryor amendment,
to be voted on tomorrow, will
likely not get a lot of attention.
It involves a small detail of
regulatory procedure that
rarely makes headlines.
But the debate
will say a lot about
how Congress views
regulation, and its potential
effect on enterprise in America
http://blog.heritage.org/2010/05/18/financial-regulation-small-business-little-role/
Mind Control Policies
of the Global Commie Unionist
Corporate Criminal Regimes :
It appears that Race to the Top
(RTTT)-the government's latest
attempt to dole out federal dollars
for state education budgets-is
turning into more of a
wild goose chase.
Race to the Top is hitting the wall.
President Barack Obama's $4.35
billion grant competition-designed
to encourage states to dramatically
improve school performance-is
running into resistance across the
country, as state officials and
teachers unions are clashing
with the administration over
the contest rules.
Some states are saying no because
they fear an increase in federal red tape.
Other states can't get the necessary
"stakeholders" to agree to their
applications.
In the first round of awards
it became quite clear that states
that received stakeholder agreement-
i.e., union buy-in-to carry out the federal
government's goals for education were
scored more favorably.
The two winners,
Delaware and Tennessee,
received nearly full buy-in from
teachers unions, as opposed to
Florida-a reform-minded state
that failed to garner significant
union support.
If Washington wants to see real
education reform, the answer isn't
to tie states to the demands of the
federal government.
States need more freedom
to apply reforms, such as the
successful changes implemented
in Florida.
Instead
of aiming for the top in
educational achievement,
RTTT is another distraction
from the important reforms that
could truly help students get ahead
http://blog.heritage.org/2010/05/18/race-to-the-top-or-race-to-the-middle/
The Communist Hell Care Coups
http://blog.heritage.org/category/health-care/
The Commie Energy and Environment Coups
http://blog.heritage.org/category/energy-and-environment/
The Commie Coups Against
Domestic Free Enterprise
http://blog.heritage.org/category/enterprise-and-free-markets/
Opposing The Commie
Coup Against The U.S.A.
http://blog.heritage.org/
Exposing The Enemies
Of Domestic Free Enterprise
http://thefreeenterpriser.blogspot.com/
Expose Oppose Protest Resist Defy & Defeat :
The Anti Constitutional Anti Republic
Anti Capitalistic Unconstitutional Treasonous
Criminal Satanic Commie Hell Care Whores
& Satanic Globalist Commie Liberal Progressive
Stateist Corporate Unionist Ponzi Schemes,
Lies, Liars & Frauds
