NRMCA Joins Over 300 Businesses Pushing for Regulatory Reform

Last week, over 300 business and industry groups – including NRMCA – joined forces in sending a letter to Congressional leadership calling on it to prioritize regulatory reform during the 115th Congress. The letter, led by the U.S. Chamber of Congress, emphasized the need for swift passage of the Regulatory Accountability Act (RAA) which builds on basic principles of a "fair regulatory process" with more accountability to Congress and the American people.  

The RAA, sponsored by Reps. Bob Goodlatte (R-VA) and Colin Peterson (D-MN), passed the House last year and a companion bill was subsequently introduced by Sen. Rob Portman (R-OH) in the Senate. The importance of the RAA is that it focuses on regulations that cost American businesses over $100 million to billions annually and that have a nationwide impact on jobs and the economy. The RAA asks every agency to look at the economic impact of rulemaking and requires that each agency revises procedures for issuing new regulations requiring the most costly of rules to undergo more stringent agency analysis before it is issued and finalized. Congress and the incoming Trump Administration are expected to address a number of anti-business rules issued by the current administration using a process called the Congressional Review Act. NRMCA is developing a list of regulations that have a direct impact to the ready mixed concrete industry for consideration.