Washington, D.C.--U.S. Senators Mike Crapo (R-Idaho) and Jim Risch (R-Idaho) joined in co-sponsoring the Regulations from the Executive in Need of Scrutiny (REINS) Act to help reduce overly-burdensome major federal rules.
“While, thankfully, the current Administration is receptive to eliminating over-reaching federal regulation to help American businesses expand and increase jobs, that has not always been the case,” said Crapo. “We have been working on this legislation for years, and I welcome the reintroduction of the REINS Act that would allow more scrutiny of new regulations and provide cleanup of current overregulation.”
“Federal bureaucrats and excessive red tape have burdened Idahoans’ lives for too long,” said Risch. “The REINS Act restores accountability by requiring Congress to review costly regulations and stop bureaucratic overreach. We must get the federal government out of the way and restore the freedoms guaranteed to Idahoans by the Constitution.”
Under the REINS Act, once major rules are drafted, both chambers of Congress would need to approve them and the President sign them into law. This would satisfy the bicameralism and presentment requirements of the U.S. Constitution. Currently, federal agency regulations ultimately take effect unless Congress specifically disapproves.
The bill defines a “major” rule as one that the Office of Management and Budget determines may result in an economic impact of $100 million or greater each year; “a major increase in costs or prices” for American consumers, government agencies, regions, or industries; or “significant adverse effects” on the economy.
The REINS Act also includes the following changes from the original bill Crapo and Risch co-sponsored in past Congresses:
Access full bill text HERE.
Additional co-sponsors include U.S. Senators Marsha Blackburn (R-Tennessee), Katie Britt (R-Alabama), Ted Budd (R-North Carolina), Kevin Cramer (R-North Dakota), Steve Daines (R-Montana), Chuck Grassley (R-Iowa), James Lankford (R-Oklahoma), Mike Lee (R-Utah), Cynthia Lummis (R-Wyoming), Bernie Moreno (R-Ohio), Rick Scott (R-Florida), Mike Rounds (R-South Dakota), Tim Sheehy (R-Montana), Tommy Tuberville (R-Alabama) and Eric Schmitt (R-Missouri ).
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