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Excerpt from H. R. 994, Regulatory Sunset and Review Act of 1995: Hearings Before the Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs of the Committee on Government Reform and Oversight, House of Representatives, 104th Congress, First Session, on H. R. 994; March 28 and May 2, 1995 To ignore the need to periodically review regulations, update rules and establish reasonable and contemporary standards, we will further damage business, industry, and our ability to compete in a very tough world market. In closing, I submit to you, if there should be a periodic review and periodic term limits for elected Federal policymakers, what's wrong with periodic review of Federal regulations? What's wrong with a commonsense approach to the massive regulations that we already have on the books? Mr. Chairman, those are my comments this morning. And again, I appreciate your attention to this legislation, and also addressing a new frontier in the area of regulatory reform, and that is in the form of our bill, the sunset provision. Thank you. Mr. Mcintosh. Thank you both very much for coming today. It sounds like we might refer to this as term limits for regulation, if Mr. Mica's comments are to be taken to heart. Let me start off with a few questions on some of the criteria and how the bill would act in certain cases. I'll ask a few questions, then some of my col leagues may as well, and if there are still a couple things down the line, I may come back and ask you some more questions. The first criteria that you have in determining whether a regula tion should be continued after the 7-year period, or 3-year period if it's a new regulation, is the extent to which the regulation 18 out dated, obsolete or unnecessary. Are you aware of any other law that requires an agency to review its regulations to determine whether they're outdated or obsolete or unnecessary? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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