/

/

TLR Weekly News Roundup: January 29, 2025

TLR Weekly News Roundup: January 29, 2025

Session Report—Day 10

The House passed new rules, including changes to committee structures and leadership. Only majority party members will chair committees moving forward. Read more

Session Report—Day 9

The Lt. Governor released Senate committee assignments for the 89th Legislature, naming members to 16 standing committees. Read more

Texas Needs Regulatory Reform

What happened: Texas, known for its business-friendly reputation, is burdened by decades of regulatory accumulation that create significant challenges for small businesses and consumers. Read more

Tell me more: Excessive regulations increase compliance costs, driving up consumer prices and limiting competition. 

  • Reforms in other regions show that reducing regulatory burdens can boost economic growth and enhance business opportunities.

By the numbers: Texas has 274,469 regulatory restrictions.

  • A 10% reduction could grow the economy by $52 billion by 2037.
  • A 40% reduction could yield over half a trillion dollars in economic growth.

TLR Thoughts: Texas’s excessive regulatory framework threatens its economic competitiveness, especially for small businesses and consumers, which is why TLR is part of the Coalition for Regulatory Efficiency and Reform. We will support legislation aimed at systematically reducing red tape and preventing future accumulation of regulations. By adopting proven strategies, Texas can stimulate substantial economic growth and solidify its reputation as a leader in pro-business governance.

Texas Breaks 2024 Records For Jobs, Texans Working

What happened: Gov. Greg Abbott celebrated Texas’s record job growth, with significant increases in the labor force and the number of Texans working, adding millions of jobs under his leadership. Read more

Tell me more: Texas’s commitment to business growth and workforce development has helped it surpass national job growth, strengthening its position as the nation’s job creator.

By the numbers: Texas’s labor force hit a historic high of 15,575,900.

  • 14,922,200 Texans are employed, including self-employed individuals.
  • Since 2015, Texas has added over 2.5 million jobs under Governor Abbott’s leadership.

TLR Thoughts: Texas’s job growth reflects the state’s pro-business environment, supported by lawsuit reforms that reduce frivolous litigation and allow businesses to thrive without excessive legal burdens. By maintaining a legal system that promotes fairness and efficiency, Texas remains the best state to do business, attracting employers and sustaining long-term job growth.