WASHINGTON, D.C. – U.S. Rep Charlie Dent (PA-15) today voted for legislation to enhance transparency in the development of federal regulations. H.R. 10, the Regulations from the Executive In Need of Scrutiny Act (REINS Act), would require Congress to affirmatively approve new major regulations proposed by federal entities.
“President Obama has asserted over-regulation “stifles innovation” and has a “chilling effect on growth and jobs”, yet federal agencies under his control continue to propose and advance major regulations that hinder our economic recovery,” said Rep. Dent. “Requiring Congressional approval of the most significant proposals will enhance the transparency of the entire federal rulemaking process and help strengthen the voice of the American people in the development of regulations that affect their daily lives.”
Under the REINS Act, a major regulation includes any proposal that is estimated to have an annual economic impact of $100 million or more, or results in a substantial increase in costs or prices for American consumers and producers, as well as federal, state and local government agencies. The bill establishes a 70 day window for Congress and the President to approve a rule through the passage of a joint resolution. There were 95 final major regulations in 2008, 84 in 2009, and 100 in 2010.
H.R. 10 is a key component of the House’s ongoing jobs agenda, which features several bills addressing excessive federal regulations that are preventing growth and jeopardizing jobs in the Lehigh Valley and across the country.