The Progressive Policy Institute (PPI) touted HR-4646, the...

The Progressive Policy Institute (PPI) touted HR-4646, the Regulatory Improvement Act of 2014, in a news release Tuesday (http://bit.ly/1nd2xVX), flagging an event that day with institute officials and Reps. Patrick Murphy, D-Fla., and Mick Mulvaney, R-S.C. Murphy introduced the bill May 9 and it has 20 co-sponsors, 10 Republicans and 10 Democrats. It was referred to the House Oversight Committee. The bill would create an independent body to assess and potentially nix any regulations deemed unnecessary. Sens. Angus King, I-Maine, and Roy Blunt, R-Mo., introduced companion legislation in the Senate, S-1390. PPI economists Michael Mandel and Diana Carew developed the ideas for the regulatory review body, the institute said.