U.S. Congressman Pete Sessions (R-TX), Chairman of the House Committee on Rules, released the following statement in support of a measure to require the Securities and Exchange Commission to conduct enhanced economic analysis on proposed as well as existing regulations:
"Unelected federal bureaucrats should not have the authority to implement ill-conceived, unnecessary regulations without adequately understanding the potential negative impacts on hard working Americans and our economy. We have a responsibility to protect American businesses and workers from these arbitrary rules. That is why I proudly supported this critical measure to restore responsible rulemaking by holding the SEC accountable to ensure that the benefits of any proposed government rule far outweigh the costs."