A press release from GOP U.S. Senatorial candidate Doug Truax:

Truax proposes check on out-of-control federal regulations

BLOOMINGTON — U.S. Senate candidate Doug Truax (R-Downers Grove) said Friday if elected he will seek to reform the out-of-control growth of federal regulations strangling our economy.

Truax, a West Point grad, Army veteran and successful entrepreneur and businessman, said one of his first legislative proposals would require all federal regulations to be justified by Congress at least once every five years or expire.

“Career politicians like Dick Durbin and the bureaucracies he created over 32 years are killing our economy with unnecessary regulations,” said Truax, visiting Bloomington today.

Truax noted that U.S. families pay $14,768 a year in regulatory hidden taxes, absorbing 23 percent of the average income of a family earning $63,685-a-year, according to the Competitive Enterprise Institute.

The Competitive Enterprise Institute further notes that for the first time in history, the estimated cost of regulation exceeds half the level of the federal budget. Regulatory costs of $1.8 trillion amounted to 11.6 percent of U.S. GDP in 2012.

The Federal Register of U.S. regulations now stands at 78,961 pages.

“Once a federal regulation is born, it never dies,” said Truax. “There needs to be a way to eliminate those regulations that aren’t working or are outdated.”

Truax said once he is elected he will craft the legislation so it is streamlined and effective.

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Truax is facing off against State Senator Jim Oberweis.