This week, the U.S. House of Representatives will be considering H.R. 277, the Regulations from the Executive in Need of Scrutiny (REINS) Act, legislation by U.S. Rep. Kat Cammack (R-Fla.), that would require Congressional approval for any regulation that either costs the economy at least $100 million, would impact consumer inflation or has or other ‘‘significant adverse effects’’ on the economy.
The legislation would build upon the 1996 Congressional Review Act — passed as a part of the debt ceiling deal with then President Bill Clinton and former House Speaker Newt Gingrich (R-Ga.) — by increasing Congress’ role in regulation even further.
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