REINS Act Vote
One of the greatest wins in economic freedom for American families is when government becomes transparent about its spending. This past year, Arkansas passed a law to puts holds on government spending programs; and now, we celebrate the passing of the REINS Act in the U.S. Congress, which puts holds on executive administration spending sprees too. Whenever the executive branch decides to implement a regulation that costs more than $100 million dollars, an up-or-down vote must be held in Congress to approve the spending.
After the passing of this bill, House Speaker John Boehner said, “From the president’s health care law to his war on affordable energy, the excessive red tape coming out of this administration is costing our economy billions and making it harder for small businesses to create jobs.” With REINS, government spending would be back in the hands of Representatives of the American people, leaving the people to decide whether spending is economically beneficial for their constituents, instead of letting the president go on shopping sprees at the Federal Reserve to purchase whatever he desires.
With this rigorous check and balance of executive spending, programs like ObamaCare (and others that citizens don’t want to pay for) would have a difficult time getting funded. Wayne Crews, vice president of policy and director of technical studies at Competitive Enterprise Institute has been fighting for this REINS legislation to pass for over 20 years. Crews said, “The most important element of controlling the regulatory state is to make Congress directly accountable for every dollar of costs agencies impose on the public, preferably by requiring Congress to vote to approve agencies’ final rules.” The REINS legislation will hold government agencies transparent to their spending, Moreover, it eliminates wasteful government programs that cannot be financially justified and gives the citizens more power to see programs in place they actually want.
This bill will affect roughly 3,000 government regulations and it will give the constitutionally granted power of creating legislation back to the Representatives. Since Congress can see what is better for its constituents than the president can, they will be able to better meet the demands of the people. Although all of Arkansas members of the house voted in favor of the bill, the votes aren’t as certain in the Senate. Although Congress is in the middle of the August break, Senators John Boozman and Mark Pryor need to know where you stand on this issue. Please make sure you call Senator John Boozman at (202)224-4843 and Senator Mark Pryor at (202)224-2353 and encourage them to vote for more government accountability and economic transparency.