Congressman Canseco on House Passage of REINS Act

Dec 7, 2011

FOR IMMEDIATE RELEASE
December 7th, 2011

Contact:  Valentina Weis
(202) 225-4511 or Valentina.Weis@mail.house.gov

Congressman Canseco on House Passage of REINS Act

Washington D.C. – Congressman Francisco “Quico” Canseco (TX-23), a former small businessman and cosponsor of the REINS Act, issued the following statement after the House of Representatives passed the Regulations from the Executive In Need of Scrutiny Act (REINS Act) on by a vote of 241-184:

“Small businesses are the jobs engine of America. In order to get our economy turned around and creating jobs, it’s critical that we have a business climate that fosters small business growth and prosperity. Since taking office in January, I’ve met with numerous small businesses and other job creators. What they tell me is that Washington is in the way, and that the red tape of federal regulations is choking their ability to be successful,” said Congressman Canseco.

“Federal regulations already costs the private sector $1.75 trillion every year, meaning the amount of money we spend as a nation complying with federal regulations is larger than economies of nations like Canada, Mexico, Spain, and Australia. Too often, federal regulations that could have a significant impact on the economy are simply foisted onto the American people by unelected Washington bureaucrats working in the Executive Branch.”

“The REINS Act is a long-overdue reform to rein in the out-of-control growth of federal regulations that are negatively impacting our economic growth and job creation. It requires Congress to approve any regulation with an annual economic impact of $100 million or greater, which will ensure that it is the elected representatives of the American people – and not unelected bureaucrats in Washington – making the decision as to whether or not a regulation that could impact economic growth and job creation is in the nation’s best interest. I hope the United States Senate will quickly take up this legislation, pass it, and send it to President Obama’s desk to become law. I hope that it is not simply added to the pile of 25 jobs bills passed by the House of Representatives that the United States Senate refuses to consider,” concluded Congressman Canseco.

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