The Regulations from the Executive in Need of Scrutiny (REINS) Act, cosponsored by Congressman Kevin Cramer of North Dakota and 147 of his House colleagues, was approved by the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law. The REINS Act requires new federal rules and regulations, with an economic impact of $100 million or more, to be approved by Congress.
"I am happy to hear the House Judiciary Subcommittee has made the REINS Act a priority," Cramer said. "The volume of regulation affecting North Dakota industry, both current and in the immediate future, is alarming."
On March 5th Congressman Cramer submitted testimony for Subcommittee consideration.
"The new Tier 3 regulation, alone, is estimated to raise gasoline prices from 9 to 25 cents per gallon," Cramer said. "Coupled with the Boiler MACT, the Mercury Air Toxics Rule, the Coal Ash RCRA rule, Regional Haze, and the Greenhouse Gas Rule, the resulting price increases from these regulations will further stress already tenuous middle class budgets," Cramer continued. "And, that is just from the EPA; Dodd-Frank regulations and others will have unknown increased costs to the consumer. Taken together all of these regulations mean less money to be spent on the things individuals want and need."
The REINS Act is now destined for full consideration by the House Judiciary Committee.
Congressman Kevin Cramer is a member of the Natural Resources and Science, Space and Technology House Committees, including the Natural Resource Subcommittee on Energy and Mineral Resources, and Subcommittee on Energy of the House Science Space and Technology Committee. Immediately prior to his election to Congress, Congressman Cramer served as a state-wide elected energy regulator, serving the citizens of North Dakota as a Public Service Commissioner since 2003.