BigNews.Biz - Jan 05,2017 - Blunt Backs Bill to Curb Excessive Regulations
WASHINGTON - U.S. Senator Roy Blunt (Mo.) cosponsored the Regulations from the Executive in Need of Scrutiny (REINS) Act. The measure would give Congress an up-or-down vote on any major new regulation with an economic impact of $100 million or more.
“The Obama administration handed down a record-breaking 600 major new regulations, imposing more than $700 billion in costs on our economy,” Blunt said. “All of that excessive red tape places a huge burden on the farmers and small businesses that create jobs in Missouri and across the nation. The REINS Act paves the way for stronger economic growth by giving Congress the ability to put a stop to any massive new regulation that will hurt families and job creators. It’s an important check against out-of-control bureaucrats, and I urge all of my colleagues to join me in finally getting this bill to the president’s desk.”
Blunt has cosponsored the REINS Act in the previous three Congresses.
According to the American Action Forum, the REINS Act could save more than $27 billion in annual regulatory costs and 11.5 million paperwork burden hours.