[Congressional Record Volume 157, Number 186 (Tuesday, December 6, 2011)]
[House]
[Pages H8143-H8144]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THE REINS ACT
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
[[Page H8144]]
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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