Senator Mike Lee (R-Utah) has introduced an amendment to the "Fiscal Responsibility Act of 2023" in a move to promote fiscal accountability and regulatory reform. The amendment seeks to strike Section 265 from the Act, a provision that undermines fiscal restraint in proposed regulatory rule-making.
Section 265 currently empowers the Biden Administration's Director of the Office of Management and Budget (OMB), Shalanda Young, to unilaterally waive a provision referred to as "administrative PAYGO". This provision requires administrative agencies to offset the expense of any regulatory discretionary administrative action. Removing ths check undermines the Fiscal Responsibility Act's claim to regulatory reforms.
In a recent White House briefing, Director Young stated: "... if that waiver is deemed necessary to make sure President Biden's agenda is carried forward, we're going to use that authority." This declaration underscores the need for Lee’s proposed amendment to maintain control over government spending.
Read the amendment HERE.