… actually have to follow a 1980s law that says you've got to say what the cost is on that business for that new regulation before it goes into place. Well, About 75% of the time the federal government doesn't [say what the cost is on that business for that new regulation] even though the law requires you to do that. So why did we file this bill? Because this bill in particular will provide redress for those businesses. Is anybody in here a small business owner, by the way? (13:10–13:16)
CLAIM
Asserts that the federal government often does not comply with a law requiring cost disclosure for new regulations.
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