It has successfully secured the support of notable Republicans like Tom Emmer and Jim Jordan.
The “silent assassin” of the American ideal is spending billions annually to enforce restrictions nobody asked for. The great majority of Republican House members agree with this method of deficit reduction.
In light of the Republicans’ newfound power in the House, the party’s decades-long effort to enact the REINS Act (Reviewing Existing Regulations in Need of Scrutiny Act) will be revisited.
“When you think about all the issues that we’re having as a nation, from our national security concerns to hyperinflation, the one that no one speaks about is the regulatory environment,” a Florida Republican state legislator told Fox News Digital. It is a significant factor in the current inflation that is the silent killer of the American dream.
Over a million “unique regulations” have been established by executive agencies in charge of agriculture, fishing, energy, and other industries, according to Cammack. Compliance has a yearly cost and effect on the American economy in the billions.
When asked if he thought arbitrary limits applied to company owners or employees, Cammack said, “Hell, even employees.”
The root of the problem has not been identified. Basement-dwelling politicians are to blame for both the natural swamp and the bureaucratic red tape that surround the nation’s capital. As stated by Cammack:
Implementing regulations might be costly, but they often serve a useful purpose. This law was passed in response to the “monsters of the swamp” of excessive government regulation, expenditure, and bureaucracy. That’s why she went into further detail along these lines.
Even though Cammack put out this idea in 2021, it has yet to be put to the vote in the legislature. Sen. Jim Jordan (R-OH), chairman of the Senate Judiciary Committee, and Sen. Tom Emmer (R-MN), minority leader of the Senate, have joined forces to introduce new legislation this year that would expand the scope of the Congressional Review Act to include all “major rules” proposed by federal agencies.
All bills must win approval from the House of Representatives and the Senate before they can be signed into law.
A government rule or regulation is regarded economically crucial if it has an annual impact on the economy of $100 million or more, lowers competition, employment, investment, productivity, innovation, or the capacity of U.S.-brought products to compete worldwide by more than 25 percent.
According to Cammack, her proposed legislation would put the Waters of the United States rule, established by the Environmental Protection Agency, under closer review than the EPA’s regulation (EPA). The Clean Water Act, which restricts the dumping of pollutants into U.S. waterways, has been in effect since December.
You can see why Cammack considers the statute restrictive if it does, as he claims, grant government jurisdiction over any site that is “seasonably damp.”
My home state of Florida gets more yearly precipitation than the national average. The rain falling right now in my backyard is parred for the course for this time of year. On average, we get around 60 inches of precipitation a year. I won’t be building a treehouse or a play yard for my nephew and niece since the Army Corps of Engineers could consider my front yard a “navigable river.” That’s incredible. Allow her the benefit of the doubt and pretend she tried.
According to the non-profit think tank and bill backer Foundation for Government Accountability (FGA), President Biden finalized regulations adding more than $200 billion in new regulatory costs in his first year in office, which is more than four times the costs added during the Obama administration’s first year in office. Since 2009, when it was estimated at $900 billion, the cost of complying with laws has steadily increased, reaching a high of $1.1 trillion under the Biden administration.
Though many iterations of the REINS Act have cleared Congress since 2009, none have been signed into law by the president.
Cammack believes her proposal will receive support from senators of all major parties. “everyone, regardless of whether you’re a Republican or a Democrat, regardless of what company you’re in,” Cammack says, emphasizing the problem’s pervasiveness.
She also implied that it “would not surprise me” if the Democrats saw things her way. Every company, no matter how big or little, is feeling the effects of the current regulatory climate. Although you may not like being ruled over, you will “ultimately become subject to this regulatory system, for which you will face the price in various forms.”