(WASHINGTON, DC) – Eighth District Congressman Larry Bucshon, M.D. released the following statement after the House passed H.R. 427, the Regulations from the Executive in Need of Scrutiny (REINS) Act, a bill subjecting any executive branch rule or regulation with an annual economic impact of $100 million or more to an up-or-down vote in Congress.
“In a landmark decision last month, the Supreme Court overturned EPA regulations on coal-fired power plants citing the agency’s failure to consider the potential cost and impact on states and consumers. As the Administration continues to legislate via regulation, it’s critical that Congress – the American people – have an up or down vote on these costly regulations before they are implemented.Â
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“Unfortunately much of the regulatory process is currently controlled by agencies in the Executive Branch. In fact, the Administration has implemented nearly 500 major regulations at a combined cost of $625 billion to the American economy. This regulatory overreach is creating uncertainty for job creators and making it difficult for middle class families to get ahead. The REINs Act asserts Congress’ authority to make sure that regulations out of the executive branch are fair and don’t come at an enormous cost to the American people.â€Â
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The REINS Act was introduced by Congressman Todd Young (IN-9) and Senator Rand Paul (KY). More information about the bill can be accessed here.