Regulations from the Executive in Need of Scrutiny Act of 2023

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 103.

Jun 21, 2023

The REINS Act of 2023 modifies the congressional review process for federal agency rules. It establishes a requirement that major rules—defined as those resulting in or likely to result in annual economic effects of $100 million or more, major increases in costs or prices, significant adverse effects on competition or employment, or increases in mandatory vaccinations—cannot take effect without congressional approval. The bill also requires that at least 20% of currently effective agency rules undergo designation, review, and approval processes.

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Regulations from the Executive in Need of Scrutiny Act of 20 23 or the REINS Act of 2023 This bill revises provisions relating to congressional review of agency rulemaking. Specifically, the bill establishes a congressional approval process for a major rule. A major rule may only take effect if Congress approves of the rule. A major rule is a rule that has resulted in or is likely to result in (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; (3) significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises; or (4) an increase in mandatory vaccinations. The bill also provides for the designation, review, and approval of at least 20% of agency rules currently in effect.