Washington, D.C.— Today, Rep. Mike Bost (IL-12) voted for the REINS Act (H.R. 427), which requires an up-or-down vote by both the House and Senate and the signature of the President before any new federal agency rule or regulation with an economic impact of $100 million or more can be imposed on the American public.  The bill passed the House by a 243-165 margin.

“This Administration has added an average of 81 new major regulations per year, many of which are redundant, costly and counterproductive,” said Rep. Bost.  “To make matters worse, the officials who hand down these burdensome regulations on job creators are unelected bureaucrats with no accountability to Congress.  This must stop – or this job-killing, regulatory process will continue to create uncertainty in the marketplace and stifle economic growth.”

The REINS Act Gives Congress an up-or-down vote on any new major regulation from the Executive Branch which includes:

• Rules that cost the economy $100 million or more;

• Rules that will increase costs for consumers, or;

• Rules that will have a significant adverse impact on the economy and U.S. competitiveness.