Newly Introduced REINS Act Will Protect Americans from Out-of-Control Executive Spending
- BY FGA
Naples, FL – Today, Rep. Kat Cammack (R-FL) introduced the Regulations from the Executive in Need of Scrutiny (REINS) Act. The REINS Act requires congressional approval of any rule or regulation with an economic impact greater than $100 million annually before it can be implemented.
At the time of introduction, the REINS Act had more than 140 original cosponsors, including Rep. Jim Jordan, Chair of the House Judiciary Committee, Rep. James Comer, Chair of the House Oversight Committee, and Rep. Tom Emmer, the House Majority Whip.
The need for REINS is clear: Since 2021, the Biden administration has pushed through more economically significant, job-killing regulations than any other modern president—and the price tag keeps rising. In the first year of his presidency, President Biden’s regulations totaled $201 billion. This regulatory environment, Rep. Cammack notes, is the “silent killer” of the American Dream.
“As a fellow Floridian, Rep. Cammack knows how consequential something like the REINS Act can be, because we’ve seen this proven policy work in our own state,” said Tarren Bragdon, president and CEO of FGA. “The REINS Act is a powerful tool Congress can use to reclaim the power of the purse and protect the American people from unelected, unaccountable bureaucrats’ damaging and expensive regulations.”
“During the first year of this administration, the Biden White House added more than $200B in new regulatory costs,” said Rep. Cammack. “These new regulations cost the American taxpayers over $2T per year in compliance costs and economic losses without the proper oversight from the legislative branch. The REINS Act is a core part of House Republicans’ mission to reintroduce government accountability and to restore Congress’ role to check the regulatory actions of federal agencies. I’m grateful to the overwhelming support of my colleagues on this bill and look forward to seeing it pass the House this Congress.”
For more on FGA’s research on the REINS Act, visit our REINS page.
The Foundation for Government Accountability (FGA) is a non-profit, multi-state think tank that promotes public policy solutions to create opportunities for every American to experience the American Dream. To learn more, visit TheFGA.org.