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NLBMDA Praises House Approval of the REINS Act

Posted By Peter Coetzee, Wednesday, May 10, 2017

The National Lumber and Building Material Dealers Association (NLBMDA) praises the approval today of the Regulations from the Executive in Need of Scrutiny (REINS) Act (H.R. 26) by a vote of 237 to 187 in the House of Representatives. The legislation increases accountability and transparency in the federal regulatory process by requiring Congress to approve all major rules before taking effect. As part of the bill, a "major rule" means any rule, including an interim final rule, that the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget finds has resulted in or is likely to result in the following:

  • An annual effect on the economy of $100 million or more;
  • A major increase in costs or prices for consumers, individual industries, federal, state, or local government agencies, or geographic regions; or

Please click here to view NLBMDA's full press release on this important legislation. 

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