Reclaim the Reins Act

The Reclaim the Reins Act would amend federal rulemaking procedures to require agencies to provide more detailed reports on the economic and budgetary effects of rules, including job impacts and inflation estimates, and would mandate congressional approval for major rules that increase revenue before they can take effect. It would also require periodic review of existing rules, with those not reapproved by Congress within set timeframes losing effect, and direct the Office of Management and Budget and the Government Accountability Office to implement and study these changes using allocated funding. The bill affects federal agencies issuing rules and members of Congress seeking oversight,…

No official summary is available here. This one was written by AI from the bill’s text.