Rep. Tom Price (R-GA) issued the following statement after the passage of H.R. 3269, legislation that would give federal regulators the power to determine the compensation practices of private enterprises.

“It is a chilling thought that Members of Congress believe they and federal bureaucrats should have a direct role in how private companies compensate their workers,” said Rep. Price. “This gross intrusion of Washington into the private sector is yet one more example of the Democrats’ desire to take control over every facet of the economy. Democrats claim they don’t want to run private businesses, but their actions continue to show otherwise.

“If we are to see the economic revitalization we all seek, we must recommit ourselves to the principles that gave us our national prosperity. Our economy has achieved success not through greater government interference and regulation but through competition and rewards.”