-By Warner Todd Huston
(Reposting this because the House is voting on this bill today…)
One of the reasons that our economic recovery has been so slow is that the Obama administration has opened a continuous avalanche of regulations affecting jobs, hampering businesses, and costing all of us billions in lost revenue, taxation, and waste. But there is a bill in the House called the REINS Act that could help tamp down this avalanche, save us all money, help bring back the creation of jobs that aren’t being created now.
The full name of the act is the Regulations from the Executive in Need of Scrutiny Act and that is a pretty straight forward name for the legislation as its premise is that regulatory agencies are so out of control and the costs they impose on the people have become so onerous that Congress has to step in and place limits on this untrammeled power. (H.R. 10 and the Senate’s similar bill S. 299)
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Help Stop The High Cost of Federal Regulations”