Sen. Mike Lee Questions OMB Nominee Dan Bishop on REINS Act and Regulatory Reform
Forbes Breaking NewsApril 7, 20255 min1,669 views
10 connections·13 entities in this video→The Administrative State and Regulatory Burden
- ⚖️ The administrative state is described as crushing the American people through regulations that impose significant economic costs, rivaling federal income tax.
- 📜 In 2024 alone, administrative agencies promulgated regulations with an estimated net economic impact of $1.5 trillion.
- 🏛️ These regulations are laws made by unelected individuals, bypassing the constitutional process of legislation requiring passage by both the House and Senate.
Constitutional Lawmaking and Delegation
- 📜 Article 1, Section 1 and Section 7 of the Constitution outline the formula for creating federal law, requiring passage of the same text in both houses and presentation to the President.
- 🔄 Since the late 1930s, Congress has been delegating lawmaking power, leading to a complex system of federal regulations that are difficult to understand and anticipate.
- ⚠️ James Madison's warning in Federalist 62 about laws being voluminous, complex, and ever-changing is highlighted as being even more critical today, as these laws are not even made by elected officials.
The REINS Act and Regulatory Reform
- 💡 The REINS Act (Regulations from the Executive in Need of Scrutiny) is proposed as a reform requiring new affirmative legal obligations to go through the legislative process.
- 🎯 Dan Bishop expresses support for the REINS Act, referencing successful regulatory reform efforts in North Carolina and President Trump's plans to reduce regulations.
- 🏢 Bishop notes that the Office of Information and Regulatory Affairs (OIRA) at OMB would be central to regulatory reform efforts.
Legislative Strategy for Reform
- 🚀 Senator Lee advocates for attaching regulatory reform, specifically the REINS Act, to a must-pass legislative vehicle, such as a debt ceiling bill, to ensure its passage.
- 🔑 Permanent structural reform is seen as essential for a sustainable supply of liberty, and attaching it to a critical bill is proposed as the most effective strategy.
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What’s Discussed
REINS ActOMB NomineeDan BishopMike LeeAdministrative StateRegulatory ReformConstitutional LawDelegation of PowerFederal RegulationsEconomic ImpactDebt Ceiling BillOIRA
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