Representative Kat Cammack's (R-FL) REINS Act has passed in the House of Representatives 221-210. Federal agencies cannot enact specific rulings without Congressional approval through this bill.
Specifically, federal agencies cannot implement or enforce "major" rulings with any of the following effects: cost or price increases for consumers, "significant" adverse effects on American industry, or an economic impact totaling $100 million or more.
Rep. Cammack introduced the bill in January in response to increased regulatory costs imposed by the Biden Administration totaling more than $200 billion.
Cammack similarly mocked the Biden Administration that same month, saying President Biden "takes orders from the Easter Bunny" in response to Biden calling Republicans "fiscally demented." She also stated that House Republicans intend to "get our fiscal house in order," something she said Biden "has no interest in being serious about."
In her press release, Cammack said she was "thrilled" the Act passed, calling it "the single largest regulatory reform in decades and will save the American people trillions each year in compliance costs."
"The REINS Act is the single largest regulatory reform in decades and will save the American people trillions each year in compliance costs. It's long past time we limit the rampant executive overreach that makes up the fourth branch of government and rein in the nameless, faceless bureaucrats in basements across Washington, D.C. I'm grateful to my colleagues for their support of this effort in seeing this bill past the finish line," said Cammack.
Representative Cory Mills (R-FL) similarly described the bill's effects in a recent tweet, "It prevents adverse effects on competition, employment, investment, innovation, productivity, or increases in costs."
"Voted YES on REINS ACT. This reigns in federal agencies who put rules in place that adversely impact to U.S. businesses. It prevents adverse effects on competition, employment, investment, innovation, productivity, or increases in costs. We must support American businesses," said Rep. Mills.
Voted YES on REINS ACT.
This reigns in federal agencies who put rules in place that adversely impact to U.S. businesses.
It prevents adverse effects on competition, employment, investment, innovation, productivity, or increases in costs.
We must support American businesses
— Cory Mills (@CoryMillsFL) June 14, 2023
