Donovan, House Curb Burdensome Regulations
Washington, DC—January 6, 2017.... Congressman Donovan (NY-11) and the U.S. House of Representatives passed two bills focused on curtailing burdensome federal regulations. The Midnight Rules Relief Act and the Regulations from the Executive in Need of Scrutiny (REINS) Act aim to spur economic growth and job opportunities by reining in government overreach.
Congressman Donovan said, “It’s time to unleash the private sector – what’s made America the greatest, most prosperous nation on Earth – by rolling back regulations. Small businesses and the middle class have been crushed by unnecessary regulations for the past 8 years. This legislation puts necessary checks on agency overreach, and I look forward to seeing these bills reach the President’s desk.”
The Midnight Rules Relief Act allows Congress to review and halt the implementation of last-minute regulations issued by outgoing presidential administrations. This bill addresses the growing trend of lame-duck presidents issuing last-minute, costly regulations.
The Regulations from the Executive in Need of Scrutiny (REINS) Act seeks to curtail agency overreach and increase transparency by requiring congressional approval for major rules. Specifically, the bill requires rules with an annual impact of $100 million or more to be submitted to Congress for review.
Burdensome regulations have hampered economic growth and job opportunities at the expense of hardworking Americans. Since 2009, it is estimated that federal regulations have cost American small business and families $870.3 billion.
The bills will now go to the Senate for consideration.