The incoming House majority plans to schedule a vote on the Regulations from the Executive in Need of Scrutiny Act (REINS Act) soon after new members are sworn in next Tuesday. A top priority of the U.S. Chamber of Commerce, the leading lobby group for big business, REINS would fundamentally alter the federal government in ways that could hobble federal agencies during periods when the same party controls Congress and the White House — and absolutely cripple those agencies during periods of divided government.
Many federal laws delegate authority to agencies to work out the details of how to achieve relatively broad objectives set by the law itself. The agencies do so by drafting regulations that interpret and elaborate upon these statutes and which have the force of law. REINS, however, effectively strips agencies of much of this authority.
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Under its terms, a new regulation that has an “annual economic impact of $100 million or more,” which is less than 0.0006 percent of the U.S. economy, must be approved by Congress within “70 session days” or it does not go into effect.