WASHINGTON – U.S. Senator Jerry Moran (R-Kan.) again sponsored the Regulations from the Executive in Need of Scrutiny (REINS) Act, legislation introduced by U.S. Senator Rand Paul (R-Ky.) to increase accountability and transparency in the federal regulatory process. The REINS Act, S. 21, would require Congress to approve any “economically significant” regulation that would cost more than $100 million, lead to a major increase in consumer prices, or adversely affect employment, economic productivity, or the United States’ ability to compete with other countries.
“I have always believed that the federal government should be encouraging economic freedom, helping business owners innovate, and giving Kansas small businesses the freedom they need to bring jobs and growth to our state,” said Sen. Moran. “To that end, we must have commonsense policies in place to eliminate job-killing restrictions and ensure that any new ones are appropriate. As we work to grow our economy, the REINS Act puts in place the tools needed to give future Congresses the ability to make certain that regulations promote economic success rather than impede it.”
The U.S. House of Representatives passed their version of the bill in a 237-187 vote last week.
Sen. Moran has advocated for this legislation throughout his time in the Senate.
Click here to read the text of the bill.
- REINSAct.pdf (51.3 KBs)