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King votes for REINS Act

WASHINGTON – Congressman Steve King released the following statement after voting for the Regulations From the Executive in Need of Scrutiny (REINS) Act, H.R. 367:

“Today we took another step toward regulatory reform when the House passed the REINS Act,” said King. “As a former small businessman, I understand firsthand the detrimental and costly burden regulations place on entrepreneurs. The REINS Act requires any major regulation from the executive branch to come before Congress before it becomes law if it has an economic impact score of $100 million or more from the Office of Management and Budget. This legislation will stop stifling regulations from adversely affecting the economy. Congress has ceded too much lawmaking power to Washington bureaucrats who are unelected and unaccountable, and I am pleased that for the second time, the House has passed the REINS Act, which will add Constitutional balance of power back into the regulatory process.”

– See more at: http://steveking.house.gov/index.php?option=com_content&view=article&id=4636:king-votes-for-reins-act-&catid=71:press-releases&Itemid=300164&Itemid=300099#sthash.d9tdFShW.dpuf

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