Political Quotes

“I am proud to be a cosponsor of the REINS Act, which is an important effort to ensure Congress reclaims its rightful authority and responsibility to legislate. This amendment is technical in nature, but it is important, nonetheless. In April of this year, the Biden administration issued an executive order on modernizing the regulatory review. The purpose of this executive order is to allow the administration to implement their agenda more quickly and efficiently. The executive order also raises the threshold for centralized review by the Office of Information and Regulatory Affairs, or OIRA, from $150 million to $200 million. The order also gives the administrator of OIRA a discretionary role in determining which regulations are considered for full OIRA review. OIRA serves as a responsible check on major regulations, reviewing the cost and benefits of each regulation, and ensuring that all public comments have been reviewed and considered before the regulation goes into effect. {time} 1245 OIRA, in other words, is a check on due diligence. This order will mean that fewer rules are reviewed by OIRA and, thus, less due diligence will be conducted over the administrative state. So long as this executive order stands, a loophole will exist in the REINS Act. Fewer rules would be classified as major, and consequently would not be subject to congressional approval under the REINS Act.…”