01.22.15

Senator David Perdue Cosponsors Legislation To Roll Back Regulations & Hold Government Accountable

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) today cosponsored the Regulations from the Executive in Need of Scrutiny (REINS) Act to prevent the executive branch and federal agencies from imposing costly and burdensome regulations on Georgia families and business:

“Our economy is lagging due to many factors, but one of the most prominent is the impact of harmful federal regulations coming from Washington,” said Senator Perdue. “The Executive Branch, under President Obama, has tried to rule by regulatory mandate. As a result, expensive and burdensome regulations often get determined by Washington bureaucrats without the approval of Congress or the American people’s knowledge. Restoring transparency and accountability will provide a Congressional check to abuses of the system. That way, we can roll back insidious regulations that hurt Georgia families and businesses, and prevent future regulations from being put into place without considering their full economic impact.” 

The REINS Act would require any executive branch rule or regulation that is defined as a “major rule” by the White House’s Office of Management and Budget (OMB) to come before Congress for an up-or-down vote. A “major rule” is one that has one of the following negative consequences:

  • An annual effect on the economy of $100,000,000 or more;
  • A major increases in costs or prices for consumers individual industries, Federal, State, or local government agencies, or geographic regions;
  • Significant adverse effects on competition, employment, investment, productivity, innovation, or ability of U.S.-based enterprises to compete in the international market.

Click here to read the REINS Act.