REINS Act

WASHINGTON – Today, the House of Representatives voted on H.R. 427, Regulations from the Executive in Need of Scrutiny Act. Upon passage, Maine’s Second District Congressman, Bruce Poliquin, released the following statement:

“When I talk to folks back home in Maine, I’m often told that Washington’s excessive red tape is hurting our community banks, credit unions, businesses and mills.

“For example, I have been leading the charge in reining in the EPA’s overreaching biomass rules that will unfairly penalize mills, such as Sappi in Skowhegan, for using green, renewable fuels to generate energy. It’s imperative for Congress to reduce Washington’s red tape and make these regulations much more transparent.

“To that end, I voted in support of the REINS Act to help prevent new excessive and costly regulations that are crippling our Maine businesses and stunting job growth. This bill will give Congress 70 days for an up or down vote on all major regulations that could potentially hurt our Maine businesses, restoring Congress’ jurisdiction in preventing jobs-killing and costly regulations.

“I will continue to support bills, such as the REINS Act, that will help cut through Washington’s red tape. We must give our jobs creators the confidence they need to start new businesses, create more good-paying jobs and help get Mainers back to work.”

NOTE: You may recall, Congressman Bruce Poliquin recently questioned Federal Chair Janet Yellen on Washington’s too many and costly regulations at a House Financial Services Committee hearing.