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Issa's letter to business groups

Earlier today, we clipped a Politico story noting that incoming House Oversight and Government Reform Committee Chairman Darrell Issa (R) has asked business groups which Obama administration regulations to target.

Issa sent this letter to 150-plus trade associations, private companies, and think tanks, according to Issa's office.

Here's its text:

December XX, 2010

Dear ,

The Committee on Oversight and Government Reform is examining existing and proposed regulations that negatively impact the economy and jobs.

In fiscal year 2010, federal agencies promulgated 43 major new regulations. These regulations ranged from new limits on “effluent” discharges to new rules for Nationally Recognized Statistical Rating Organizations. The new limits on “effluent” discharges from construction sites will cost $810.8 million annually resulting in the closure of 147 construction firms and the loss of 7,257 jobs. In total, the administration estimated the cost, often referred to as the hidden tax, of the 43 new regulations to be approximately $28 billion, the highest single year increase in estimated burden on record, resulting in thousands of lost jobs. This new burden is on top of the $1.75 trillion estimated burden of existing regulations.

As a trade organization comprised of members that must comply with the regulatory state, I ask for your assistance in identifying existing and proposed regulations that have negatively impacted job growth in your members’ industry. Additionally, suggestions on reforming identified regulations and the rulemaking process would be appreciated. Please submit your response as soon as possible, preferably before January 10, 2010. If you have any questions, please feel free to contact my office at ...