The Regulations from the Executive In Need of Scrutiny (REINS) Act would require Congress to hold a vote on all new regulations with economic effects of more than $100 million per year. Sen. Rand Paul introduced the Senate version of the bill today. Wayne Crews and I issued a press release offering support for the principle of reining in regulation without representation. I offered the following comment:
“In an average year, Congress will pass a little over 100 bills into law, while regulatory agencies will pass more than 3,500 new regulations.
“It’s easy to see why members of Congress like agencies to do their job for them. If a regulation turns out to be unpopular, or more costly than expected, they can just shift the blame to, say, the EPA or FCC. It’s well past time for Congress to take its lawmaking responsibility seriously again. REINS is the first step in that process.”