Carter acknowledged that his proposed bill is "kind of a nuclear weapon," but said drastic action is needed because regulations coming out of the current administration are thwarting the private sector.

"In this period of time when we're trying to bring our job numbers up and our unemployment numbers down, this would give the country an opportunity to take, at least in one area, a deep breath and relax that the regulators are not going to change the playing field on them," Carter said.

Carter has spoken frequently about excessive regulations, and on Tuesday night he controlled an hour of floor time on this topic. Carter noted that the House on Wednesday would take up a bill aimed at easing the regulatory burden on pesticide users.

The House will take up H.R. 872, which would reverse a court decision that said pesticide use is regulated by the Clean Water Act in addition to a federal pesticide law.