Researcher and Writer in Washington, DC

5 Reasons to Support the REINS Act

ThinkstockPhotos-166133993The House is likely to vote this week on H.R. 427, the Regulations from the Executive In Need of Scrutiny Act, also known as the REINS Act. Introduced by Rep. Todd Young, R-Ind., the bill would require Congress and the president to approve major regulations (those with an economic effect of $100 million or more) before they could take effect. Congress would be granted 70 days to vote affirmatively to adopt such regulations. If it did not, the president temporarily could deem the regulation effective if national security or the public health or safety was imperiled.

Perhaps the third time will be the charm. The House overwhelmingly passed the legislation in 2011 and 2013, only to see it die in the then-majority Democratic Senate. Majority Leader Mitch McConnell, R-Ky., who has complained about ill-conceived regulation, has not yet said whether the Senate would take up its version of the REINS Act (S. 226), introduced by the junior senator from his state, Rand Paul….(read more at the R Street Institute Blog)

Related Posts Plugin for WordPress, Blogger...
Similar posts
  • How does Trump’s budget propose to fi... The U.S. Postal Service (USPS) lost $3.9 billion in 2018. The agency also failed to make a $6.9 billion payment to cover its retiree health and pension benefits. Mail volume is down more than 25 percent since 2008, leaving the postman with less revenue. So what does President Donald J. Trump propose to do to right the USPS’ ship? [...]
  • Five charts show the grim financial c... Last year, the U.S. Postal Service (USPS) ran a deficit of $3.9 billion. Unfortunately, losses are the rule rather than the exception for the agency. All this red ink has flowed despite USPS’s aggressive move into the parcel delivery business. These five charts depict the immensity of USPS’s financial challenges. The Postal Service was designed [...]
  • The big reforms in the Trump postal r... Yesterday, the Trump administration unveiled its recommendations for reforming the ailing U.S. Postal Service (USPS). Due to plunging mail volume and rising costs, USPS lost $4 billion last year and has $130 billion in unfunded pension and health care obligations. The 74-page report was issued by the U.S. Treasury, which headed the Task Force on the United States Postal System. Secretary [...]
  • Why I like voting by mail It has been a few years since I queued up at a polling place, and I am the happier for it. Don’t get me wrong, I am a sucker for the pageantry: citizen volunteers man polling places; activists outside hand out flyers in hopes of swinging votes; I get a little sticker to wear proudly [...]
  • Bring in the nerds: Reviving the Offi... Read it [...]