Source: US Rep. Patrick McHenry (NC-10TH), 1/8/17

Over the past eight years, the Obama Administration has unleashed a regulatory onslaught. With economic costs of nearly $2 trillion, these regulations have hampered job growth and driven up the costs of everyday goods and services. House Republicans have fought these regulations daily and this week we took another important step in that fight with passage of the REINS Act. This bill brings greater accountability and transparency to the regulatory process by requiring any regulation with an economic cost over $100 million to come to Congress for an up or down vote before its enacted. You can read my statement on this common sense bill below.

McHenry Votes to Bring Greater Accountability to the Federal Regulatory Process

Last night, Chief Deputy Whip Patrick McHenry (R, NC-10) released the following statement after House passage of H.R. 26, the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2017:

“Over the last eight years, the Obama Administration has led a regulatory onslaught. With a cumulative economic cost of nearly $2 trillion, these unilateral actions have killed jobs and driven up the prices for everyday goods and services. 

“Tonight, the House took an important step to slow these regulations with passage of the REINS Act—a bill that requires any regulation with an economic impact over $100 million be submitted to Congress for approval. I’m proud to support this simple, common sense measure bringing accountability to the regulatory process.” 

- See more at: http://mchenry.house.gov/news/documentsingle.aspx?DocumentID=398440#sthash.vagMqZgM.dpuf