Thursday, May 7, 2015
From Today's Wall Street Journal
THE FED, PROLIFERATING REGULATIONS AND SLOW GROWTH
Bill Cassidy and Louis Woodhill are right that curbing overreaching federal regulators would stimulate economic growth. ("Dismal Growth Needs the 3.5% Solution," op-ed, May 1). Unfortunately Congress seems too gridlocked to do so.
But just as James Madison and his team built a coalition of state and congressional leaders to force Congress to propose the Bill of Rights, a similar coalition including two-thirds of the states could force Congress to propose a constitutional amendment to require that Congress approve major new federal regulations.
Fourteen state legislative chambers have already passed resolutions urging that Congress propose the Regulation Freedom Amendment which says:
"Whenever one quarter of the members of the U.S. House or the U.S. Senate transmit to the president their written declaration of opposition to a proposed federal regulation, it shall require a majority vote of the House and Senate to adopt that regulation."
Polls show that by a two-to-one margin voters would back the amendment.
Perhaps it is time for leaders in Washington to lead!
Roman Buhler
McLean VA
Page A14, Opinion,
Letters To The Editor
------------------------------
If you or someone you know would like to hear more about our effort and its progress or about how you or they might become more involved, please contact us. Thanks so much for your interest.
Roman Buhler
Director
The Madison Coalition
202 255 5000
www.RegulationFreedom.Org
From Today's Wall Street Journal
THE FED, PROLIFERATING REGULATIONS AND SLOW GROWTH
Bill Cassidy and Louis Woodhill are right that curbing overreaching federal regulators would stimulate economic growth. ("Dismal Growth Needs the 3.5% Solution," op-ed, May 1). Unfortunately Congress seems too gridlocked to do so.
But just as James Madison and his team built a coalition of state and congressional leaders to force Congress to propose the Bill of Rights, a similar coalition including two-thirds of the states could force Congress to propose a constitutional amendment to require that Congress approve major new federal regulations.
Fourteen state legislative chambers have already passed resolutions urging that Congress propose the Regulation Freedom Amendment which says:
"Whenever one quarter of the members of the U.S. House or the U.S. Senate transmit to the president their written declaration of opposition to a proposed federal regulation, it shall require a majority vote of the House and Senate to adopt that regulation."
Polls show that by a two-to-one margin voters would back the amendment.
Perhaps it is time for leaders in Washington to lead!
Roman Buhler
McLean VA
Page A14, Opinion,
Letters To The Editor
------------------------------
If you or someone you know would like to hear more about our effort and its progress or about how you or they might become more involved, please contact us. Thanks so much for your interest.
Roman Buhler
Director
The Madison Coalition
202 255 5000
www.RegulationFreedom.Org
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