Thursday, November 03, 2022 7:28:41 PM
There is the ‘Statutory Pay-As-You-Go Act’ that can be utilized to stop spending on much (all?) of the new Inflation Reduction Act and it’s green subsidies. Probably applies to other spending plans too. All the Rs need to do is have the courage to enact it.
If we wish to revive drilling and kill inflation, the three main House Committees that I would like to see the Rs get Chairmanship for is the Energy and Commerce Committee, the Financial Services Committee, and the Budget Committee.
The ‘Energy and Commerce Committee’ has jurisdiction over the National Energy Policy, Fossil Energy, Renewable Energy, Nuclear Energy, Synthetic and Alternative Fuels, the DOE, the FERC, the EPA, and the EIA.
The ‘Financial Services Committee’ has jurisdiction over Securities and Exchanges (and ESG policy). Banks and banking, including deposit insurance and Federal monetary policy. Money and credit, currency, gold and silver, and valuation of the dollar.
The primary responsibility of the ‘Budget Committee’ is the drafting and preparation of the Budget Resolution. This resolution sets the levels of revenue and spending that is expected to occur in a given fiscal year.
It is imperative that we have control of these committees if we wish to change these regulations.
Mrs. Smith
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