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Susan Collins: Economy Needs a 'Time-Out' From Regulations to Grow Susan Collins: Economy Needs a 'Time-Out' From Regulations to Grow

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Economy / ECONOMY

Susan Collins: Economy Needs a 'Time-Out' From Regulations to Grow

photo of Catherine Hollander
September 26, 2011

Sen. Susan Collins, R-Maine, called for a one-year moratorium on issuing any “significant” new regulations, in a Wall Street Journal op-ed published on Monday.

“Business owners are reluctant to create jobs today when they're going to need to pay more tomorrow to comply with onerous new regulations. That's what employers mean when they say that uncertainty generated by Washington is a big wet blanket on our economy,” Collins wrote.

Collins is part of a large chorus of Republicans citing businesses’ regulatory burden as the biggest obstacle to job growth.

 

Earlier this month, Collins announced her plan to introduce legislation suspending any costly new regulations for a year. The measure would exempt rules related to imminent public health or safety threats; those affecting crime, the military, and foreign affairs; and those that would reduce the regulatory burden on the private sector (which, she said, are rare).

Reducing the number of new regulations would also staunch the flow of jobs overseas, she argued.

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