The Problem Defined
Senator Jim DeMint: “We must put a stop to the reckless and costly anti-free market regulations that are destroying jobs. When the Obama Administration hasn’t been able to ram their anti-job polices through Congress, they’ve empowered unelected, unaccountable bureaucrats to force them through using regulations. From the ongoing attempts to control the environment and the Internet to the forthcoming barrage of regulations facing the health care and financial industry, it’s no wonder that consumer costs are rising and businesses are reluctant to invest and grow.”
The Solution
The REINS Act would require that every new major rule proposed by federal agencies be approved via joint resolution passed by both bodies in Congress and signed by the President before they can take effect. A “major rule” is any rule that the administrator of the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget (OMB) finds may result in an annual effect on the economy of $100 million or more; a major increase in costs or prices for consumers; or significant adverse effects on the economy. Source for all of the above is here.
Editor's notes: understand that Obama has set a pay czar in place, as well as an education czar and a finance regulatory czar. Each is unaccountable to anyone except Obama but make law that has no appeal. The Obama administration has done more to eliminate the existence of Congress than any other president in American history. He functions without accountability, much as a dictator would. While this is fine with the likes of the atheist/Marxist, Bill Mahar, it runs counter to anything we can imagine as "American." Senator DeMint understands what is happening to this country and the illegal/criminal effort at "transformation."
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