Sometimes you just shake your head and wonder. As you now know, Rep. Lamar Smith just introduced the E-PARASITE Act
, which puts incredibly massive
regulatory compliance costs on large portions of the internet. Perhaps you think that Congress burdening companies -- especially tech companies, which, recent studies have shown, are responsible for much of the job growth in this country -- is par for the course. But, isn't it interesting to see that just the day before
E-PARASITE came out, the House Judiciary Committee cleared a bill to try to limit the costs of regulatory compliance
. The main supporter of the bill? You guessed it -- none other than the head of the House Judiciary Committee... Rep. Lamar Smith:
The bill “is an urgently needed antidote to this anti-democratic sentiment,” Smith said in prepared remarks. “It gives the people’s representatives in Congress the final say on whether Washington will impose major new regulations on the American economy, not unaccountable agency officials.”
Republicans point to a Small Business Administration analysis showing U.S. regulations cost $1.75 trillion to comply with in 2008 (that research doesn’t attempt to calculate societal benefits). House Republicans have focused much of their energy this Congress on regulations, voting to delay and weaken several Environmental Protection Agency rules reducing pollution from sources such as power plants, cement plants and industrial boilers.
So, basically, on Tuesday, Rep. Lamar Smith is against damaging regulations that increase compliance costs on the American economy and small businesses. Then, on Wednesday, he introduces a bill that will establish massive
regulatory compliance costs on tons of American small businesses. Kinda makes you wonder if he even understands the legislation he's introducing.