Passing the REINS bill would give Republicans the ability to veto any significant new regulations.
Ben PeckDec 08, 2011
With only four Democrats voting for the measure, yesterday the House passed H.R. 10, “Rules from the Executive in Need of Scrutiny” (REINS). If it were to become law, this radical piece of legislation would prohibit all federal agencies, including the Environmental Protection Agency, the Food and Drug Administration, and the Securities and Exchange Commission from minting any new regulations impacting the economy by more than $100 million unless they passed both the U.S. House and Senate within 70 legislative days.