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Ron Johnson: “The cost of regulation is onerous... estimating the cost of…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

Chairman Johnson's remarks at the HSGAC hearing on regulatory reform

Published September 17, 2015 | Video Starts at 02:48

The cost of regulation is onerous. You know we've got, we can put a chart up here. There have been a number of studies by The cost of regulation is onerous... estimating the cost of regulation somewhere around $2 trillion per year. Now we are getting immune to these enormous numbers. What's $2 trillion? Just a quick aside, my wife does this all the time. (02:48–03:07)

CLAIM

Asserts that the cost of regulation is approximately $2 trillion annually.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Ron Johnson

“If you're a global company... are you going to site your plant in Toronto with the top business tax rate of 15% or Detroit at 35%?”
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“When previous Congresses passed the Affordable Care and Patient Protection Affordable Care act, it was 380,000 words a year ago. That act…”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 07:15-07:30
“Dodd Frank, when passed was about 350,000 words. And a year ago, up to about 15 million words.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 07:31-07:38
“We have a completely uncompetitive tax situation.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 02:11-02:14
“The BRAC Commission concept here is trying to bring some measure of subtraction to the federal government.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 11:39-11:46
“The motivation of government agencies is the exact same thing as the private sector. They want to grow.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 12:51-12:56
“Regulatory agencies have individuals working [in] those agencies that have no connection, never came from the industry they're trying to…”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 14:43-14:54
“Sometimes large organizations have an ability to utilize a regulatory framework to disadvantage their smaller competitors.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 16:58-17:05
“The process of sue and settle... circumvents the constitutional 3Co. Equal branches of government.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 18:36-19:35
“It's a completely cooperative arrangement where [the agency and the adversary group] say, 'we don't really have the legal authority that we…”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 21:25-21:25
“This committee's all about reducing duplication in all of its forms.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 22:48-22:53
“There's duplication in both...regulations on the private sector and on organizations and...requirements on the agencies.”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 24:18-24:18
“Are there that many examples where regulatory agencies are eliminating regulations themselves?”
Chairman Johnson's remarks at the HSGAC hearing on regulatory reform | Uploaded September 17, 2015 | 25:42-25:48