Supporting Congress' Legislative Authority

Floor Speech

BREAK IN TRANSCRIPT

Mr. CLINE. Mr. Speaker, since our country's founding, the United States Constitution has granted Congress the legislative authority to decide major questions of nationwide policy.

Yet, since President Biden took office, his administration has continued his assault on America's economy with costly Federal regulations and executive overreach of power to advance his radical agenda.

In its first year alone, the Biden administration finalized liberal regulations that added more than $200 billion in new regulatory costs. The Biden administration has acted unilaterally on several occasions to circumvent congressional approval to pass policies that advance its far-left agenda.

We saw this in the Biden administration's attempt to pass the unconstitutional student loan giveaway plan, putting taxpayers on the hook for others' heavy college debt. We saw this in the Biden administration's cancelation of pending oil and gas lease sales, hiking up energy costs for hardworking families. We saw this in the Biden administration's proposed ESG investment rule that would put seniors' hard-earned retirement savings at risk.

This is all unacceptable. American taxpayers deserve to know just how much the administration's executive orders will cost them before they go into effect.

As our Nation faces $31 trillion in debt, Congress must pass the REINS Act. I urge my colleagues to support this important legislation.

BREAK IN TRANSCRIPT

Source