Ellmers Applauds Passage of REINS ActDecember 7 2011
WASHINGTON – Congresswoman Renee Ellmers released the following statement from her office in Washington this afternoon:
"I'm proud to announce the successful passage of the REINS Act today. Job creators and job seekers have been suffocated with unnecessary regulations that are harming our economic recovery. Every day I am hearing from small business owners about the struggles they are facing just to stay afloat. Small businesses in particular face a disadvantage since they lack the same workforce that large businesses have on hand to navigate these rules. They are forced to spend thousands of dollars and hundreds of hours navigating the confusing bureaucracy created by inefficient regulatory burdens. This is costing our economy billions of dollars while providing little relief to job seekers and employers. I call on Senator Reid to act without delay on this vital legislation."
The Regulations from the Executive In Need of Scrutiny (REINS) Act was passed this afternoon with bipartisan support in the House of Representatives. The bill amends the Congressional Review Act (CRA) to require Congress to affirmatively approve every new major regulation proposed by the executive branch before it can be enforced on the American people.
The REINS Act would apply to all new major regulations. A major regulation means any rule that the Executive Branch finds has resulted in, or is likely to result in, either an annual effect on the economy of $100 million or more, or a major increase in costs or prices for consumers, individual industries, Federal, State, or local government agencies. There were 95 final major regulations in 2008, 84 in 2009, and 100 in 2010. As of now, the Obama Administration has 4,257 new regulations in the works, 219 of which will cost over $100 million annually – 15 percent more than last year.
For more information on the REINS Act, please click here.
# # #
For more information, please visit Congresswoman Ellmers’ website at www.ellmers.house.gov or call (202) 225-4531.