with respect to oira i will tell you a story. i met my wife and mother of my little boy on that campaign and when we work almost been dating, in that stage, she asked me at our first dinner if i could have any job in the world other than law professor what would it be, good predate question. hoping england subsequently that i would say i would play center field for the boston red sox or backup guitar for bruce springsteen and as she tells the story and i'm afraid it's true i looked off with a storyline and said oira. after irca she responded some version of what the heck is oira. i don't know she actually used the word hecky and a men's and the i did get a second date but that exchange was an obstacle. [laughter] okay. as you may have noticed in the last year and last month's especially with the national debate over regulation has become quite heated and badly placed. some people emphasize and ensure you heard this the importance of the regulatory safeguards including rules that prevent fraud and abuse keep water and air cleaner,

with respect to oira i will tell you a story. i met my wife and mother of my little boy on that campaign and when we work almost been dating, in that stage, she asked me at our first dinner if i could have any job in the world other than law professor what would it be, good predate question. hoping england subsequently that i would say i would play center field for the boston red sox or backup guitar for bruce springsteen and as she tells the story and i'm afraid it's true i looked off with a storyline and said oira. after irca she responded some version of what the heck is oira. i don't know she actually used the word hecky and a men's and the i did get a second date but that exchange was an obstacle. [laughter] okay. as you may have noticed in the last year and last month's especially with the national debate over regulation has become quite heated and badly placed. some people emphasize and ensure you heard this the importance of the regulatory safeguards including rules that prevent fraud and abuse keep water and air cleaner,

the administrator of the office of information and regulatory affairs were much more widely known as oira we appreciate

but also from the cost-benefit review overseen by the office of information and regulatory affairs, oira, at the office of management and budget. so this amendment would change that. effectively making the president's order that he issued today binding on these independent agencies. they'd be required under the unfunded mandates reform act to evaluate regulatory costs benefits and less costly alternatives before issuing any rule that would impose a cost of $100 million or more on the private sector. or on state local tribal governments. based on the g.a.o. data it appears that there are nearly 200 independent agency regulations that have been issued between 1996 and 2011 that would be considered major in other words have over $100 million impact on the economy and they were excluded, again from review under this cost-benefit analysis we've been talking about. in 2009 and 2010 alone the last couple years independent agencies issued 56 economically significant regulations representing billions of dollars in regulatory costs exempt from the standard cost-benefit analysis rules. this affects