In an effort to fight back against excessive regulations passed by cabinet-level agencies, the House of Representatives on Friday afternoon passed the Regulations from the Executive in Need of Scrutiny (REINS) Act by a 232 to 183 vote.
This measure would require congressional approval of rules and regulations that are expected to have an economic impact of more $100 million. These regulations adversely effect small businesses, have negative impact on job creation, and raise prices for consumers.
“For too long, Congress has allowed administrations of both parties to enact regulations at great costs to the American people with little oversight. The REINS Act would allow Congress to vote on new major rules before they are imposed on hardworking families, small businesses, and agriculture producers,” said Rep. Todd Young (R-IN), who sponsored the legislation. “Regardless of which party occupies the White House, this commonsense legislation is needed to restore the balance of power in Washington and return responsibility for the legislative process to Congress.”
Wayne Crew, vice president of policy at the Competitive Enterprise Institute (CEI), hailed passage of the REINS Act.
“This is a great day for American taxpayers,” said Crews in a release from CEI. “Between ObamaCare and President Obama’s pledge to remake American energy policy through the regulatory process, it’s more important than ever Congress exercise its constitutional authority to vote on these executive actions that impose significant costs on the public.”
The total cost of compliance with federal rules and regulations now exceeds $1.8 trillion, according to a study released earlier this year by CEI. The study, Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, found that regulatory costs amount to $14,678 per American family.
The House also adopted an amendment offered by Rep. Steve Scalise (R-LA) that would require President Obama to receive approval from Congress before directing any federal agencies to implement a carbon tax.