WDAY.com

WDAZ: Your Home Team

Published August 23, 2011, 08:33 PM

At GF Town Hall, Hoeven Says Regulations Stifling Business

U.S. Senator John Hoeven says excessive government regulations are hurting the national economy. Those regulations are the target of the pro-growth legislation he is pushing in Washington.

By: David Schwab, WDAZ

U.S. Senator John Hoeven says excessive government regulations are hurting the national economy.

Those regulations are the target of the pro-growth legislation he is pushing in Washington.

He's holding several town hall meetings in North Dakota to talk about those issues. On Tuesday, he was in Grand Forks.

Hoeven greeted about 20 business leaders who wanted to share their concerns about the national economy.

President of Minnkota Power, Mac McLennan, has concerns over increasing government regulations.

"We have watched, in the last several years, rates go up pretty significantly from an electric perspective to meet all of these requirements and regulations," McLennan said.

Excessive regulations are on Hoeven's hit list. He says many are outdated or are burdens and that they slow job growth in many sectors.

"An energy companies looking to deploy new technology, they are sitting on the sidelines because they don't know how to comply with all of the regulations. And we've go to change that," Hoeven said.

Power companies like Minnkota have resorted to rate hikes to meet new regulations. Most of those costs will sooner or later show up in your electric bill.

"If you are a regular consumer and you just watch your rates go up 30 percent, you start to get concerned about affordability," McLennan said.

Hoeven says he will be introducing legislation that will end misguided mandates that hurt business and stunt innovation.

"There is a proper role for regulation but they need to be simple, straightforward and understandable and then we need to get our regulatory agencies to work with people," Hoeven said.

Tags: