CORA may trim red tape
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March 17, 1998: 4:34 p.m. ET
Senate bill would help reduce the growing burden of regulations
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NEW YORK (CNNfn) - The number of federal regulations facing the nation's small businesses and individual taxpayers could be cut by a new bill making its way through the Senate.
The Congressional Office of Regulatory Analysts Act would give Congress greater authority to overturn federal regulations it deems burdensome.
A companion bill already has been approved by the House Judiciary Subcommittee on Commercial and Administrative Law.
Sen. Kit Bond, a Missouri Republican and chairman of the U.S. Senate Committee on Small Business, said Americans feel the government is too deeply involved in their day-to-day lives.
"CORA will help Congress reign in needless regulations that hurt taxpayers by forcing them to jump through hoops every time some federal agency in Washington decides we need more red tape," he said.
The Congressional Review Act, passed in 1996, gave Congress authority to override regulations deemed excessive. Bond said legislators need to build on that progress by giving lawmakers more tools to trim the bureaucracy.
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