REINing in the Federal Government
President Biden is abusing his power and circumventing Congress to enact his radical agenda. In his first year alone, President Biden finalized new regulations adding more than $200 billion in new costs to the American people without the buy-in of Congress—more than quadruple the costs added during President Obama's first year. In 2022, the Biden Administration proposed more than $1 trillion in new regulations.
House Republicans this week passed the REINS Act, to fight against the extreme overreach of the executive branch and protect the American people from President Biden's radical and costly agenda.
We are restoring the power of the purse back to Congress, where it must go through proper debate and the Congressional approval process. President Biden's student loan bailout, his bans on oil and gas lease sales, and federal takeover of elections are all examples of actions President Biden made without proper Congressional approval. The REINS Act will put a stop to these and more.
FACTS ABOUT THE REINS ACT:
Reasserts the legislative authority of Congress, and prevents excessive overreach by the executive branch in the federal rulemaking process.
Requires every new "major rule" proposed by federal agencies to be approved by both the House and Senate before going into effect. The REINS Act would define a "major rule" as:
- Any federal rule or regulation that may result in an annual impact on the economy of $100 million or more;
- A significant increase in costs or prices for consumers, individual industries, government industries, government agencies, or geographic regions;
- Or significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.
It would also preserve Congress' authority to disapprove of a "nonmajor rule" through a joint resolution.