Political Quotes

“Mr. Speaker, I thank my good friend and colleague from the great State of Kentucky for yielding me time. I rise in strong support of this rule which would provide for consideration of my bill, the REINS Act of 2023. The REINS Act would address regulatory actions by requiring every new major rule or regulation that is $100 million or more to an industry, proposed by Federal agencies, to be approved by Congress before going into effect. Specifically, the House and Senate would be required to pass a joint resolution in order for a major rule to be approved by Congress. During his first 2 years in office, the President added more than $400 billion in new regulatory costs to our economy. The American Action Forum found that the new rules in his first 2 years required 193 million hours of compliance paperwork. That is 193 million hours to comply with new regulations from nameless, faceless bureaucrats who are accountable to no one. According to the Foundation for Government Accountability, regulations cost Americans $2 trillion a year in compliance costs, economic losses, and other expenses, Mr. Speaker. These costs are due to the ever-increasing regulatory actions that lack proper accountability by Congress. It is beyond time for Congress to reassert its role by placing new checks on regulatory actions that negatively impact Americans from all walks of life. The core question that we have to ask ourselves is this: Where is the lawmaking authority vested within our Nation?…”