WASHINGTON, DC – Congressman Ander Crenshaw today (7/28) voted to lift the burden of costly federal regulations from our economy and free it to thrive with his vote to pass the Regulations from the Executive in Need of Scrutiny Act(REINS Act – H.R. 427). The legislation, approved by the House on Tuesday evening, curbs unnecessary regulations from agencies and holds federal bureaucrats accountable for imposing the heaviest strains on America's economy. Crenshaw is an original co-sponsor of the bill which passed in the previous two Congress’s with his support.
“One of the most pro-active steps Congress can take right now to grow the economy and create jobs is lift the burden of job-stifling federal regulations,” said Crenshaw, Chairman of the House Appropriations Subcommittee on Financial Services and General Government. “We need our small businesses and entrepreneurs to spend more, invest more, and produce more in order to create more jobs for American workers.”
“The REINS Act moves the nation in that direction by requiring an up-or-down vote on regulations that have an impact of $100 million or more before they can be enforced on the American people from the Executive Branch,” Crenshaw continued. “This President consistently uses a pen and a pad to sign executive orders and signing statements into the law of the land – a fact often unknown by the general public. To shed light on this practice, Capitol Hill needs more accountability for the hard-earned tax dollars Americans send to Washington. In a recovering economy, the REINS Act provides that relief.”
Key provisions of the REINS Act include the following:
• Requires agencies to submit major regulations to Congress for approval;
• Guarantees no major regulation becomes effective until Congress approves it;
• Guarantees fast up or down votes on major rules—Congress must act within 70 legislative days; and
• Guarantees that accountability for imposing the heaviest burdens on America's economy falls where it should—with the people's elected representatives in Congress.