WASHINGTON, D.C. - Sen. Rand Paul (R-KY) and Rep. Todd Young (R-IN9), along with 31 Senate co-sponsors, reintroduced their Regulations from the Executive in Needs of Scrutiny (REINS) Act on Wednesday as S.226 and H.R. 427, respectively. The REINS Act would require any executive branch rule or regulation with an annual economic impact of $100 million or more-designated by the White House's Office of Management and Budget (OMB) as a "major rule"-to come before Congress for an up-or-down vote before being enacted.
"Today, we are introducing legislation to increase transparency in the Federal regulatory process," said Sen. Paul. "If the Obama Administration wants to impose regulations that effectively operate as laws on U.S. citizens, it is important that those citizens are made aware of how the laws come to be. Cutting red tape and opening the regulatory process to scrutiny is an important first step in holding government accountable."
Click HERE to read the REINS Act in its entirety.