Online Staff Report
WASHINGTON, D.C. — U.S. Don Manzullo (R-Ill.) voted for legislation Dec. 7 to rein in the growing federal regulatory burden that is swamping America’s small employers with massive costs and stifling their efforts to create jobs. The House passed the bill 241-184.
The Regulations from the Executive In Need of Scrutiny (REINS) Act, which Manzullo co-sponsored, would require Congress to approve every new “major regulation” proposed by a federal agency before it could be enforced on the American people. A major regulation is defined as having at least a $100 million annual impact on the economy.
Federal agencies continually try to usurp Congress’ authority by implementing new job-killing regulations against the wishes of the elected representatives. Of the 4,224 regulations in the process of being implemented, 224 are major rules with at least $100 million in economic impact. One new regulation to increase the Corporate Average Fuel Economy (CAFÉ) standards on new vehicles could cost more than $140 billion alone over the next 14 years.
“Our small employers, who create the majority of new jobs each year, currently spend an estimated $10,500 per employee to comply with federal regulations, and that costly burden is growing and stifling their efforts to put Americans back to work,” Manzullo said. “Our job creators are buried under a regulatory burden of nearly $1.75 trillion, and the cost of new regulations this year alone is an extra $67.4 billion. Congress must pass the REINS Act to end the regulatory power of unelected bureaucrats and require Congress to approve major regulations before they are enforced on the American people.”