Companies such as Tesla and Uber are being burdened by onerous regulations, and Marco Rubio (R., Fla.) is calling for change. Not only are current policies stifling innovation, but they’re even preventing products from being sold on the American market.
Furthermore, Rubio said, many of the regulations are written to benefit larger corporations and lobbies and impede smaller companies from breaking into the market.
“The purpose of regulations is to protect the consumer and to protect the public,” Rubio told CNBC on Tuesday. “They should never be allowed to be used as a weapon to crowd out innovation or competitors.”