House approves 'mother of all anti-regulatory bills'

The House on Wednesday passed legislation that would require Congress to approve all major federal regulations with an effect of $100 million or more, a Republican attempt to rein in what they see as the expanding regulatory burden faced by companies across the country. The Regulations from the Executive in Need of Scrutiny (REINS) Act, H.R. 10, was approved in a mostly party-line vote. The bill passed 241-184, and only four Democrats joined Republicans. Before final passage, the House approved just one Republican amendment that would require federal agencies to assess whether proposed rules would add to or detract from job creation. House passage sends the bill to the Senate, which again is not expected to consider it at all. House Republicans have argued over the last several weeks that the House is sending jobs bills to the Senate, which is refusing to act on them...more See my previous post The REINS Act ends unchecked bureaucratic power.