Restoring Balance with the REINS Act

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Jun 11, 2012

“Fish gotta swim, birds gotta fly and regulators, too, have a metabolic urge to do what they were created to do,” writes George Will. In his column, he comments on regulators' unconstrained power. To restore balance between the Legislative and Executive Branches, he endorses Rep. Geoff Davis’ (R-KY) REINS Act:

The REINS Act would require Congress to vote on a resolution of approval concerning every “major” regulation (with an economic impact of $100 million or more). There are 212 such regulations among the 4,128 currently in the pipeline from unelected executive agencies. If the vote that REINS requires did not occur within 70 days, the regulation would die.

The U.S. Chamber also supports this attempt to corral the regulatory state. Last year, Bruce Josten, the Chamber’s Executive Vice President for Government Affairs wrote that the REINS Act would ensure “that agencies regulate in a more transparent, cost-effective, and rational manner and that Congress retains ultimate control and accountability for the implementation of the laws it writes.”