Lucas Votes to Strengthen Congressional Review of Costly Government Regulations
Washington, D.C. – Congressman Frank Lucas (OK-3) today voted to pass the Regulations from the Executive in Need of Scrutiny (REINS) Act, legislation to increase the role of Congress in the oversight and review of executive agency rulemaking. The bill requires congressional approval for any major executive action that impacts the U.S. economy by an amount greater than $100 million or would drastically increase prices on consumer goods for Americans.
“The Obama administration’s regulatory regime of the past eight years has cost the U.S. economy billions of dollars,” said Congressman Lucas. “A big part of getting our economy back on track and Americans back to work is to remove the regulatory burdens that are restraining growth and opportunity.”
“As one of the first bills of the 115th Congress, the REINS Act is a serious step toward curbing overregulation and returning to common sense in the way we govern.”