Idaho Congressman Mike Simpson voted for two pieces of regulatory reform legislation to prevent regulatory overreach by the Obama administration during its final days and to return accountability and transparency to the federal regulatory process. The total cost of regulations imposed by federal agencies is estimated at $1.88 trillion annually.
“Each year, federal agencies issue regulations without considering both their cost and benefits,” said Simpson. “Congress needs to reestablish its authority to oversee these rules in order to reduce the burden on all businesses and stimulate real economic growth.”
As a first step, on Wednesday, Simpson voted in favor of H.R. 21, the Midnight Rules Relief Act of 2017, which passed in the U.S. House of Representatives by a vote of 238-184.
“Throughout his term in office, President Obama has disregarded the economic impact of his regulatory actions on the American people,” said Simpson. “We do not intend to allow this administration to continue imposing its onerous regulations without the consent of Congress in its final days. This legislation would provide Congress the flexibility to swiftly disapprove of any attempt to push forward these burdensome rules.”
The Midnight Rules Relief Act of 2017 amends the Congressional Review Act (CRA) to allow for joint resolutions to disapprove of more than one regulation at a time if they are submitted to Congress during the last 60 legislative days of a presidential term.
On Thursday, Simpson voted in favor of the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2017, H.R. 26, which passed the U.S. House of Representatives today by a vote of 237-187. Simpson was also a cosponsor of the REINS Act.
“Congress has a critical oversight role to play to ensure that federal agencies are not overreaching their authority and impeding job growth,” said Simpson. “I have heard from countless Idahoans who are frustrated with the impact of costly regulations on their ability to do business.”
The REINS Act amends the CRA to require Congress to approve every new major regulation proposed by federal agencies, including any regulation that has an impact of over $100 million per year. By returning to Congress its constitutional charge, the REINS Act further holds Congress accountable to the American people for laws imposed upon them.
Both H.R. 21 and H.R. 26 now move to the U.S. Senate for consideration.