Washington, D.C.— House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and House Judiciary Committee member, and bill sponsor, Doug Collins (R-Ga.) released the following statements upon House passage of the Regulations From the Executive In Need of Scrutiny (REINS) Act (H.R. 26) by a vote of 237-187.
Chairman Goodlatte: “Regulations of any kind always come with a price tag, but the ones we address today have the highest costs over all others. Over 150 billion dollars were added to the regulatory price tag last year alone, and that huge burden takes a toll on the American economy. When major rules are passed without enough consideration for the impact they may have on hardworking Americans, jobs are lost, prices rise, and our country loses more of its competitive edge. It’s time for Congress to be a stronger check on the regulatory system, and decide if major regulations should be implemented before they begin to have an impact on our economy.”
Congressman Collins: “Last year saw the implementation of 76 major rules with a cumulative economic effect of billions of dollars, so it’s easy to grasp that our country needs to rein in rogue federal rulemaking now more than ever. My colleagues in Congress and the incoming administration are united in our commitment to regulatory reform and want to make sure that executive agencies actually serve Americans rather than handicapping their economy—that’s what the REINS Act will help accomplish.”
Background: The bill curbs unnecessary regulations from agencies and holds federal bureaucrats accountable for imposing the heaviest burdens on America’s economy. The REINS Act requires that federal agencies submit major regulations (those that cost the economy $100 million or more) to Congress for approval; guarantees that no major regulation becomes effective until Congress approves it; and requires an expedited up or down vote on major rules within 70 legislative days.
The REINS Act was passed during the previous three Congresses, and reintroduced on the opening day of the 115th Congress by Congressman Collins.