A group of Republican House members this week introduced a bill aimed at preventing overreach by the executive branch in substituting Congress-passed laws with its own rulemaking. This comes about two months after the Senate introduced an identical bill. The bill, known as the Regulations from the Executive In Need of Scrutiny (REINS) Act of 2021, seeks to affirm Congress’s legislative power by requiring every new “major rule” proposed by federal agencies be approved by both the House and Senate before they can be enforced. The proposed law defines “major rule” as any federal rule or regulation that may result in an annual effect on the economy of $100 million or more; a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or cause significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises. The bill …
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