The Coalition for Sensible Safeguards strongly opposes the Regulatory Accountability Act (RAA), which the House passed on Tuesday. They are urging members of Congress to oppose it and The White House has issued a veto threat for the Bill . This innocuous-sounding bill is designed to undermine our nation’s environmental, public health, workplace safety and consumer financial security protections – not improve them.
The RAA would rewrite dozens of laws, including the Clean Air Act, the Consumer Product Safety Act and the Food Safety Modernization Act by requiring federal agencies to put corporate profits ahead of the health and safety of American workers and families. Agencies would have to produce highly speculative estimates of all the indirect costs and benefits of proposed rules and do the same for any potential alternatives. What counts and does not count as an indirect cost or a potential alternative? The bill leaves that up to the imagination of industry.
In addition, the RAA would hamstring the work of agencies like the Securities and Exchange Commission, the National Labor Relations Board, the Consumer Product Safety Commission and the Consumer Financial Protection Bureau. The bill would subject their work to review by the Office of Information and Regulatory Affairs, which is infamous for delaying, diluting and blocking important new safeguards. Federal agencies already take years to issue health and safety standards. The dozens of cumbersome requirements added by this bill would make that process even longer.
Any high-stakes rule that miraculously made it through these roadblocks would face unprecedented challenges. The RAA would allow industry lobbyists to second-guess the work of respected scientists through legal challenges, sparking a wave of litigation that would add even more costs and delays to the rulemaking process – while putting the lives, health and safety of millions of Americans at risk.
The costs of blocking crucial standards and safeguards are clear: The Wall Street economic collapse, the Upper Big Branch mine explosion in West Virginia, the West Fertilizer Company explosion in West, TX, countless food and product safety recalls and massive environmental disasters including the Dan River coal ash spill in North Carolina and the Freedom Industries chemical spill in West Virginia are just some of the most recent examples.
It’s no wonder polling shows that Americans want better enforcement of our nation’s rules and standards. Congress should listen to the public and stop trying to sabotage the safeguards that protect us all.
To learn more about the potential effects of the bill, see the Coalition for Sensible Safeguards’ 2011 report: Impacts of the Regulatory Accountability Act. The latest version of the bill has been partially revised, but the problems at the heart of the bill remain.