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Monday, February 1, 2021

E.T.: Sen. Rand Paul, 24 GOP Colleagues Seek to REIN on Biden’s Regulatory Parade

 Sen. Rand Paul, 24 GOP Colleagues Seek to REIN on Biden’s Regulatory Parade

MARK TAPSCOTTCopyright (c) 2021 The Epoch Times, Edition 2/1/2021 

Sen. Rand Paul (R-Ky.) and 24 of his Republican colleagues in the Senate on Jan. 28 introduced a proposal that could become a huge obstacle for President Joe Biden’s ambitious re-regulatory plans.

The “Regulations from the Executive in Need of Scrutiny Act of 2021” (REINS) would require that any new regulation proposed by an executive branch department or agency must be approved by Congress if it’s projected to cost $100 million or more to implement.

Epoch Times

“Under the REINS Act, once major rules are drafted, they must then be affirmatively approved by both chambers of Congress and then signed by the President, satisfying the bicameralism and presentment requirements of the Constitution. Currently, regulations ultimately take effect unless Congress specifically disapproves,” according to a statement issued by Paul’s office, with comments by him and Sens. Mike Lee (R-Utah), Roger Marshall (R-Kan.), and Marsha Blackburn (R-Tenn.).

Read the article at Epoch Times... 

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