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The Reins Act

Floor Speech

Date: Dec. 6, 2011
Location: Washington, DC
Issues: Business and Consumers

Mr. WILSON of South Carolina. Mr. Speaker, today the House will begin consideration of the Regulations from the Executive in Need of Scrutiny Act of 2011, also referred to as the REINS Act. This bill will require Congress to approve any Federal regulation that will impact our economy by $100 million or more.

The Small Business Administration estimates that regulations are costing our Nation's citizens $1.75 trillion per year. The current administration's report on Federal regulations listed over 4,200 under development since last December and over 200 additional regulations proposed this year, costing consumers billions of dollars, destroying jobs. This fact is another example of how out of touch the President is with the hardworking and deserving American families. It is time for Congress to take action and stop the imposition of these job-killing policies that discourage small businesses from growing and expanding.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.


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