Regulatory Reform Bills Pass the House
Posted in: Legislative Updates
In the early days of the 115th Congress, the House of Representatives has passed two pieces of legislation that would bring much needed reforms to the regulatory process. The first bill, the Regulations from the Executive in Need of Scrutiny (REINS) Act (H.R. 26), passed on January 5, 2017, by a 237-187 vote. The REINS Act would require all new rules that have a fiscal impact of $100 million or more to be approved by Congress and the president.
The second bill, the Regulatory Accountability Act (RAA), passed on January 11, 2017, by a vote of 238-183. The RAA is intended to ensure that government agencies implement Congressional intent and not the intent of the agency itself for the costliest regulations. Both bills will help Congress reassert control over the federal bureaucracy by holding agencies more accountable for their decisions. The legislation now heads to the Senate, where passage will be much more challenging. IEC continues to be very supportive of both bills and joined a large coalition in a 2016 letter to the House requesting passage of the RAA in the 115th Congress.