From The Daily Signal (Apr. 27):
Each year, regulators impose thousands of rules on the American people—over 20,000 during the Obama administration’s tenure alone. The cost is staggering: According to an upcoming Heritage study, the cost of Obama’s new rules alone is over $100 billion each year, and that only counts the biggest regulations.
There is a solution: make Congress approve new regulations before they become effective. That would shift responsibility back to where it belongs—in Congress. Regulators would no longer be able to legislate though rule-making without congressional action, and Congress would no longer be able to evade accountability for the rules that are imposed.
The REINS (“Regulations From the Executive in Need of Scrutiny”) Act would implement just such a system, requiring congressional approval for the hundred or so “major” rules each year that cost $100 million or more. Yet, that bill—first introduced seven years ago—has been stalled in Congress. While approved by the House multiple times, it failed to gain any traction in the Senate.
Part of the reason for the stalemate is critics’ concerns over how the system would work in practice. That’s where Lee’s amendment comes in. He would impose REINS Act requirements solely on major rules from the Department of Energy. [read more]
A good start but the act should cover all gov’t agencies. Obama and Hillary would veto the act. But would Donald Trump sign the bill into law if he became the president? According to the American Commitment presidential survey he said he would and would work hard to get it passed. That’s good to hear. First of course, the Senate has to pass it.
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