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CUNA supports Regulatory Accountability Act
(January 12, 2015) — CUNA, along with several other industry groups, sent a letter of support for the Regulatory Accountability Act. The legislation is scheduled to be considered in the House this week and would modernize the Administration Procedures Act, the law that guides how federal agencies, including NCUA and the CFPB, promulgate regulations. The goal is to improve the rulemaking process by making the process more transparent, by holding regulators more accountable, and by ensuring regulations are more cost effective.
See the full letter below:
January 12, 2015
TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES:
The undersigned groups strongly urge you to pass H.R. 185, the Regulatory Accountability Act of 2015, which would modernize the 69-year old Administrative Procedure Act and improve how federal agencies write the regulations that most significantly affect the U.S. economy.
Our members believe that regulations need to be narrowly tailored, supported by strong and credible data and evidence, and impose the lowest possible burden while still implementing Congressional intent. When agencies produce regulations that do not reflect these ideals, better mechanisms to hold them accountable are needed.
The Regulatory Accountability Act of 2015 would enhance the regulatory process by:
- Increasing public participation in shaping the most costly regulations before they are proposed;
- Requiring that agencies must choose the least costly option, unless they can demonstrate that public health, safety, or welfare requires a more costly requirement;
- Giving interested parties the opportunity to hold agencies accountable for their compliance with the Information Quality Act;
- Providing for on-the-record administrative hearings for the most costly regulations to ensure that agency data is well tested and reviewed;
- Restricting agencies’ use of interim final regulations where no comments are taken before a regulation takes effect and providing for expedited judicial review of whether that approach is justified; and
- Providing for a more rigorous test in legal challenges for those regulations that would have the most impact.
The Regulatory Accountability Act of 2015 builds on established principles of fair regulatory process and review that have been embodied in bipartisan executive orders dating to at least the Clinton Administration. These principles would make the regulatory process more transparent, agencies more accountable, and regulations more cost-effective. H.R. 185 would not affect the vast majority of new regulations that are not high-impact rules, regulations that are already in effect, or the enforcement of current regulations.
We urge you to support this important legislation.
Sincerely,
60 Plus Association
ACCA – The Indoor Environment & Energy Efficiency Association
Aggregate & Ready Mix Association of Minnesota
Alaska Chamber
American Architectural Manufacturers Association (AAMA)
American Chemistry Council
American Coatings Association
American Composites Manufacturers Association
American Concrete Pressure Pipe Association
American Council of Engineering Companies
American Council of Independent Laboratories
American Exploration & Mining Association
American Forest & Paper Association
American Foundry Society
American Fruit and Vegetable Processors and Growers Coalition
American Highway Users Alliance
American Iron and Steel Institute
American Loggers Council
American Road & Transportation Builders Association
American Subcontractors Association, Inc.
American Supply Association
American Trucking Associations
American Wholesale Marketers Association
American Wood Council
AMT-The Association For Manufacturing Technology
Arizona Mining Association
Arkansas Independent Producers & Royalty Owners Association
Associated Builders and Contractors
Associated Builders and Contractors, Eastern Pennsylvania Chapter
Associated Builders and Contractors, Rocky Mountain Chapter
Associated California Loggers
Associated General Contractors of Missouri
Associated Oregon Loggers, Inc.
Associated Wire Rope Fabricators
Association of American Railroads
Association of Home Appliance Manufacturers
Bismarck-Mandan Chamber of Commerce – ND
Black Hills Forest Resource Association
Boca Raton Chamber of Commerce – FL
Brick Industry Association
Brownsville Chamber of Commerce – TX
Building Owners and Managers Association (BOMA) International
Business Council of Alabama
California Construction and Industrial Materials Association
California Retailers Association
Campbell County Chamber of Commerce – WY
Carson Valley Chamber of Commerce – NV
Cellulose Insulation Manufacturers Association
Central Louisiana Chamber of Commerce
Chemical Industry Council of Illinois
Colorado Association of Commerce & Industry
Colorado Timber Industry Association
Credit Union National Association
CropLife America
Edison Electric Institute
Fairfax County Chamber of Commerce – VA
Far West Equipment Dealers Association
GASDA, Inc.
Georgia Mining Association
Global Cold Chain Alliance
Grain and Feed Association of Illinois
Greater Cedar Valley Alliance & Chamber – IA
Greater Louisville Inc. – KY
Helicopter Association International
Idaho Mining Association
INDA, Association of the Nonwoven Fabrics Industry
Independent Petroleum Association of America
Indiana Chamber of Commerce
Indiana Coal Council, Inc.
Industrial Energy Consumers of America
Intermountain Forest Association
International Association of Amusement Parks and Attractions
International Association of Drilling Contractors
International Franchise Association
IPC – Association Connecting Electronics Industries
Johnson City Chamber of Commerce – TN
Kentucky Chamber of Commerce
Kentucky Forest Industries Association
Kitchen Cabinet Manufacturers Association (KCMA)
Leading Builders of America
Louisiana Association of Business and industry
Louisiana Landowners Association, Inc.
Metals Service Center Institute
Michigan Association of Timbermen
Midwest Food Processors Association
Missouri Forest Products Association
Montana Mining Association
Montana Wood Products Association
Motor & Equipment Manufacturers Association
Myrtle Beach Area Chamber of Commerce – SC
National Asphalt Pavement Association
National Association for Surface Finishing
National Association of Federal Credit Unions
National Association of Home Builders
National Association of Manufacturers
National Association of REALTORS®
National Black Chamber of Commerce
National Club Association
National Corn Growers Association
National Council of Farmer Cooperatives
National Council of Textile Organizations
National Federation of Independent Business
National Grain and Feed Association
National Lumber and Building Material Dealers Association
National Mining Association
National Oilseed Processors Association
National Pest Management Association
National Private Truck Council
National Ready Mixed Concrete Association
National Roofing Contractors Association
National Shippers Strategic Transportation Council (NASSTRAC)
National Small Business Association
National Stone, Sand & Gravel Association
National Wood Flooring Association
Nebraska Chamber of Commerce & Industry
Nevada Manufacturers Association
New Jersey State Chamber of Commerce
Non-Ferrous Founders’ Society
North American Equipment Dealers Association
North American Home Furnishings Association (NAHFA)
North American Meat Institute
North Carolina Chamber
North Carolina Manufacturers Alliance
North Carolina Retail Merchants Association
North Country Chamber of Commerce – NY
NTEA – The Association for the Work Truck Industry
Ohio Chemistry Technology Council
Orange County Business Council – CA
Palm Desert Area Chamber of Commerce – CA
Pennsylvania Chamber of Business and Industry
Pennsylvania Manufacturers’ Association
Petroleum Marketers Association of America
Plumbing-Heating-Cooling Contractors—National Association
Professional Landcare Network
Rhode Island Chapter of ABC
Sacramento Metropolitan Chamber of Commerce – CA
Santa Clara Chamber of Commerce – CA
Schuylkill Chamber of Commerce – PA
Small Business & Entrepreneurship Council
Society of American Florists
South Carolina Retail Association
South Carolina Timber Producers Association
Southern Crop Production Association
Textile Rental Services Association
The Chamber of Reno, Sparks, and Northern Nevada
The Fertilizer Institute
Truck Renting and Leasing Association
Tucson Metro Chamber – AZ
Tulsa Regional Chamber – OK
U.S. Chamber of Commerce
Utah Mining Association
Virginia Chamber of Commerce
Washington Retail Association
West Virginia Chamber
West Virginia Oil Marketers and Grocers Association
West Virginia Trucking Association
Western Energy Alliance
Window and Door Manufacturers Association
Wisconsin Grocers Association
Wisconsin Manufacturers & Commerce
Wyoming Stock Growers Association