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House Co-Sponsorship Memoranda
House of Representatives
Session of 2021 - 2022
Regular Session
MEMORANDUM
| Posted: | January 5, 2021 03:12 PM |
|---|---|
| From: | Representative Dawn W. Keefer |
| To: | All House members |
| Subject: | Reins Act |
| In the near future, I intend to reintroduce legislation that will give the General Assembly a greater oversight role in the regulatory process. Interest in relieving regulatory burdens is strong and this proposal would serve to give the legislature more tools to perform this vital role. My proposal is modeled after the proposed federal REINS Act (Regulations from the Executive in Need of Scrutiny Act). This federal legislation requires Congress to approve all new major regulations before they can go into effect. Under the federal REINS Act, a major regulation is one that imposes $100 million or more in costs on the economy. Like the federal proposal, my legislation will establish an enhanced review process for major regulations that impose a substantial cost burden on the Commonwealth. A major regulation – or economically significant regulation – is defined as having an impact on the state, municipalities and/or the business community of $1 million or more per year. Under my bill, the General Assembly will be required to vote on a concurrent resolution to approve an economically significant regulation, in order for that regulation to go into effect. Specifically, if IRRC has approved the regulation or the agency has decided to implement the regulation without IRRC’s approval, a concurrent resolution is introduced in the legislature and must be considered and passed by the House and Senate. During the 2019-20 session, this proposal (in the form of HB 806) passed the House as part of a regulatory reform package. I believe that my legislation will create a freer market in which businesses can thrive and become job-creating engines like they once were. I hope you will consider sponsoring this legislation. jh |
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| View Attachment | ||
Introduced as HB72