Under the headline “Gov’t Regulations at Top of Small-Business Owners’ Problem List,” Gallup reported yesterday that “small-business owners in the United States are most likely to say complying with government regulations (22%) is the most important problem facing them today.” The Regulations From the Executive in Need of Scrutiny (REINS) Act, introduced by Rep. Geoff Davis (R-KY) and passed by the Judiciary Committee today, will help stop the onslaught of red tape being handed down by Washington Democrats by requiring an up-or-down vote by Congress on new federal rules that will have a major impact on the economy. As Judiciary Committee Chairman Lamar Smith (R-TX) noted today, “It restores the authority to impose regulations to those who are accountable to the voters, their elected representatives in Congress.”
The REINS Act is a key tenet of the Plan for America’s Job Creators and the Pledge to America – two Republican jobs initiatives built by listening to the American people and designed to remove obstacles holding back private-sector job growth, including the burden of excessive regulation. In response to a letter sent by House Speaker John Boehner (R-OH), the White House confirmed that it has 219 major regulations in the pipeline, seven of which will, together, cost the economy more than $100 billion – a 15 percent increase in major regulations since last year. All together, the Obama administration has more than 4,200 regulations in the works, raising costs for American families and making it harder for small businesses to create jobs.
With the Plan for America’s Job Creators, the new House majority has passed more than a dozen bills targeting excessive regulations, many of which remain blocked by Senate Democrats who will not allow them to come to a vote. “We can’t wait” for the Obama administration and Senate Democrats to work with Republicans to find common ground on removing barriers to job creation. It is time for the Senate to take action on the 15 House-passed jobs bills. Learn more about the Republicans’ Plan for America’s Job Creators at http://jobs.GOP.gov, and “like” the Pledge to America here on Facebook.