House approves REINS Act with support from Shuster, Lucas, Stefanik

Legislation to bring congressional oversight to major rules and regulations that impact the U.S. economy cleared the House last week with support from U.S. Reps. Bill Shuster (R-PA), Frank Lucas (R-OK) and Elise Stefanik (R-NY).

The Regulations from the Executive in Need of Scrutiny Act (REINS), H.R. 26, would require congressional review and approval of major rules and regulations handed down by the executive branch that cost more than $100 million.

“The federal government has become out of control with drafting major regulations without any input from Congress and then forcing them onto the American people without considering the consequences,” Shuster said. “While these regulations in Washington may just be words on a page — in my district they drastically impact people’s lives.”

President-elect Donald Trump has indicated he will sign the legislation into law if it gets to his desk.

Regulations can weigh on the economy. Federal regulations have reduced the annual growth rate of U.S. gross domestic product by an average of 0.8 percent since 1980, according to a George Mason University study.

“The Obama administration’s regulatory regime of the past eight years has cost the U.S. economy billions of dollars,” Lucas said. “A big part of getting our economy back on track and Americans back to work is to remove the regulatory burdens that are restraining growth and opportunity.”

The Obama administration issued 3,853 rules and regulations in the Federal Register, and an average of 81 major rules per year in its first seven years.

“When I visit businesses across the North Country, one of the top concerns I hear about is the negative effects burdensome regulations from Washington have on their ability to grow and create jobs,” Stefanik said.

“The REINS Act pushes back against over-regulation by federal bureaucrats and gives power back to the people by requiring that Congress vote on any major rule or regulation coming from the executive branch. This is a commonsense step for transparent and accountable government that will help grow our economy and create jobs for North Country families,” she added.