U.S. Congressman Kevin Brady (R-TX), the top House Republican on the Joint Economic Committee, released the following statement on the passage of H.R. 427, the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2015, which would require Congress to give final approval over any major rule that costs more than $100 million.
“Red tape from Washington is strangling Main Street and middle class America. It’s one of the key reasons America is suffering with the most disappointing economic recovery in half a century. To get local businesses hiring again and people back to work, Congress needs to be able to thoughtfully review and stop new Washington-knows-best mandates before they hurt our economy and hardworking taxpayers.”
Background: The Regulations from the Executive in Need of Scrutiny (REINS) Act would require Federal agencies to submit major rules over $100 million to Congress for approval before they could take effect. This would all but guarantee Republicans the ability to block dozens of controversial rules from the Obama