Young Reintroduces REINS Act to Curb Costly Regulations
WASHINGTON – U.S. Senator Todd Young (R-Ind.), along with Senators Rand Paul (R-Ky.) and 23 other cosponsors, reintroduced the Regulations from the Executive in Need of Scrutiny (REINS) Act to increase accountability and transparency in the federal regulatory process.
“We have made significant progress reining in costly, job-killing regulations since I first introduced the REINS Act in the House eight years ago, but as we enter a new administration, it is more important than ever that we pass this legislation,” said Senator Young. “Congress must play a role in approving major federal rules and regulations to ensure Americans’ best interests are being considered by elected officials who can be held accountable, not just unelected bureaucrats in Washington.”
The REINS Act would rein in unelected federal bureaucrats by requiring that Congress affirmatively approve every new major rule proposed by the Executive Branch before it can be enforced on the American people, as opposed to the status quo, where regulations ultimately take effect unless Congress specifically disapproves.
Reiterating current federal law, 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.
By passing the REINS Act, the American people – through their elected officials – will once again have the final say on whether or not such rules are the right course for our future.
Under the REINS Act, once major rules are drafted, they must then be affirmatively approved by both chambers of Congress and then signed by the President, satisfying the bicameralism and presentment requirements of the Constitution. Currently, regulations ultimately take effect unless Congress specifically disapproves.
Cosponsors include Senators Grassley (R-Iowa), Portman (R-Ohio), Rick Scott (R-Fla.), Rubio (R-Fla.), Inhofe (R-Okla.), Moran (R-Kan.), Rounds (R-S.D.), Cramer (R-N.D.), Blunt (R-Mo.), Ernst (R-Iowa), Sullivan (R-Ark.), Blackburn (R-Tenn.), Toomey (R-Pa.), Sasse (R-Neb.), Lee (R-Utah), Cassidy (R-La.), Marshall (R-Kan.), Braun (R-Ind.), Cruz (R-Texas), Johnson (R-Wis.), Risch (R-Idaho), Crapo (R-Idaho), and Hyde-Smith (R-Miss.).
The full bill text can be viewed HERE.