The Regulations from the Executive In Need of Scrutiny (REINS) Act would require Congress to approve every new “major regulation” proposed by a federal agency before it could be enforced on the American people. A major regulation is defined as having at least a $100 million annual impact on the economy. However, Democratic Whip Steny Hoyer argues, "The REINS Act would undermine our ability to protect children from harmful toys, prevent asthma and lung ailments resulting from pollution, and ensure that our small businesses can compete fairly in the marketplace."
Should the Senate pass the REINS Act (H.R. 10) which would require Congressional approval of any major government regulation?
