House GOP Regulatory Reform Bill: new regulations are suspended until unemployment reaches 94 percent ?

The House Republican regulatory reform bill contains an embarrassing typo, mistaking “employment” for “unemployment.”

The “Red Tape Reduction and Small Business Job Creation Act” calls for a moratorium on “significant regulatory action” as soon as the legislation is enacted.

The argument by Republicans is that government regulations burden job creation and growth and should therefore be suspended until the economy picks up.

But in a typo, the measure would require that new regulations are suspended until unemployment reaches 94 percent. From Page 3 of the legislation:

Presumably, “employment” is supposed to read “unemployment.”…

via House GOP Regulatory Reform Bill Mistakes ‘Employment’ For ‘Unemployment’.

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