House Passes AFS-Supported Regulatory Overhaul Bill
August 20, 2015
Before leaving for the August recess, the House of Representatives voted 243-165 in favor of the Regulations from the Executive in Need of Scrutiny (REINS) Act in a bid to roll back the executive branch's rulemaking authority.
Under the REINS Act, federal agencies would be required to submit major rules with an annual economic impact of $100 million or more to Congress for approval.
The legislation now goes to the Senate. This will be the third time in four years that the House has passed the REINS Act. What's different this time around is that the regulatory reform bill also could see action in the Senate, which is now controlled by Republicans. President Obama has threatened to veto the measure if it makes it to his desk.