All We Want for Christmas*: The REINS Act to Rein in Spending
(Singing, all together now!) Rudolph the red-nosed REIN…S Act, could save taxpayers and businesses struggling with onerous government regulations!
Ok, there’s a reason FGA isn’t known for our Christmas carols.
But we ARE known for our smart, real-world reforms that could make a major difference in 2023 and for years to come.
One of the best, with the biggest potential impact for our country and our economy, is called the REINS Act, or Regulations from the Executive in Need of Scrutiny (REINS) Act. In short, REINS would require congressional approval for rules and other executive actions with an annual price tag of $100 million or more, before they can do any damage to small businesses or drive up prices on working families.
The fact is, there are a lot of families this Christmas that wish there were more presents under the tree. And there are plenty of small businesses that wish they had more money for Christmas bonuses or are worried about whether they can keep their doors open next year. Government regulations can make or break a business, with countless paychecks hanging in the balance.
Here’s why the REINS Act is the perfect Christmas gift this year, for federal and state lawmakers alike:
- It works: REINS-style regulatory limits on executive power have been implemented in states like Wisconsin, West Virginia, and Florida.
- It’s timely: Congress has the ability to move fast on REINS in the new year, with a fast impact on top issues like inflation and gas prices.
- It’s popular: A recent survey by the Center for Excellence in Polling found that nearly seven in 10 voters—including nearly six in 10 Democrats—support the idea.
So maybe our Christmas carols aren’t catchy.
But our reforms, like the REINS Act, could make a huge difference for small businesses, workers, and our whole economy in time for a better Christmas next year.
*Well, not “all” we want for Christmas. FGA helped pass nearly 100 policy reforms in 30+ states in 2022, so it’s hard to pick just one! Keep checking the blog throughout December for more policy highlights and Christmas wishes.