Flores Votes to Rein In Job-Killing Federal Regulations
Statement
Today,the House passed H.R. 10, the Regulations from the Executive in Need of Scrutiny (REINS) Act, with a vote of 240-183. This bill reins in an out of control executive branch by requiring Congress to hold an up-or-down vote on any major federal regulations that have an expected annual economic impact of more than $100 million. U.S. Congressman Bill Flores (R-Texas) released the following statement today after the passage of the REINS Act:
"Many business owners in my District have told me that job-killing government regulations are one of the most important problems they face in our country today, costing our economy $1.75 trillion per year. The Obama Administration's December 2010 report on federal regulations lists more than 4,200 regulatory actions currently under development by federal agencies. Employers are rightly concerned about the costs of these regulations, which force them to stop hiring and stop investing due to increasing economic uncertainty and bureaucratic red tape.
"For too long, unelected and unaccountable federal officials have imposed massive costs on our job creators and the American people through burdensome regulations. By requiring Congress to sign-off on all major new rules created by federal agencies, the REINS Act will increase accountability, improve the regulatory process and protect job creators and the American people from further unnecessary regulatory burdens. Adding Congressional oversight and reining in the onslaught of red tape will help to restore a robust economy and put Americans back to work again."
NOTE:The REINS Act is a key component of two House Republican jobs initiatives built by listening to the American people: the Pledge to America and the Plan for America's Job Creators. To learn more about the REINS Act, click here.
Congressman Bill Flores represents the 17th District of Texas and is an entrepreneur, Certified Public Accountant (CPA) and member of the House Budget, Natural Resources and Veterans' Affairs Committees.
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