The U.S. House of Representatives on April 26, 2023, voted 219-210 to pass H.R. 2811, the Limit, Save, Grow Act of 2023, which aims to raise the federal government’s debt ceiling and includes provisions related to congressional review of agency rulemaking known as the Regulations from the Executive in Need of Scrutiny (REINS) Act.
The REINS Act would require congressional approval of certain major agency regulations before the rules could take effect. The REINS Act defines major agency regulations as those that have financial impacts on the U.S. economy of $100 million or more, increase consumer prices, or have significant harmful effects on the economy. A version of the REINS Act was passed in Wisconsin in 2017. A Florida law with similar provisions to the REINS Act was enacted in 2010. Republican lawmakers have introduced the REINS Act during every session of Congress since the 112th Congress (2011-2012).
Congresswoman Kat Cammack (R-Fla.) introduced the REINS Act in the 118th Congress with more than 170 Republican cosponsors. Following the vote on the Limit, Save, Grow Act, Cammack released the following statement: “With the passage of the Limit, Save, Grow Act, the most historic regulatory reform in history—the REINS Act—is one step closer to law. The regulatory regime has gone unchecked for decades and it’s time we return power to the American people, not the nameless, faceless bureaucrats in Washington.”
President Biden has stated that he will veto the Limit, Save, Grow Act if it reaches his desk. White House Press Secretary Karine Jean-Pierre stated in January, “Congress is going to need to raise the debt limit without—without—conditions and it’s just that simple,” according to ABC News.