Washington, D.C. – Today, Congressman David Rouzer (NC-7) released the following statement after the House passed the Regulations from the Executive in Need of Scrutiny (REINS) Act (H.R. 427) by a vote of 243 to 165:
“Our Founding Fathers understood that it is dangerous for any branch of government to have unchecked power. The REINS Act would require executive agencies to submit every new major rule to Congress for final approval. This would re-assert Congress’s oversight authority as established in the Constitution.”
Under the REINS Act, Congress would have 70 legislative days to approve a major rule with economic impact over $100 million, as certified by the Office of Management and Budget (OMB). According to the Congressional Budget Office (CBO), last year federal agencies published 80 major rules; based on historical data, over the last five years, the average was 82 major rules per year.