Congressional Approval Required for Major Federal Regulations (REINS Act)
This law fundamentally shifts power over major federal regulations from executive agencies back to Congress. Any new rule deemed "major" (impacting the economy by $100 million or more, or significantly affecting prices/jobs) must receive explicit approval from both the House and the Senate before taking effect. This aims to increase transparency but will likely slow down the implementation of new rules affecting health, safety, and the environment.
Key points
Major new federal rules must be explicitly approved by Congress via a joint resolution before they can become law.
Agencies must provide detailed reports on the economic impact, job effects, and inflation estimates for all major rules.
Existing federal rules will be reviewed over five years, and those not approved by Congress will expire.
VOTING RESULTS
2023-06-14
51%
For
221
Against
210
Abstain
0
Expired
Citizen Poll