A Fast Start on Regulatory Reform

Filed in Capitol Hill, Codes and Regulations by on January 11, 2017 2 Comments

The House today approved H.R. 5, the Regulatory Accountability Act, legislation that would modernize the rulemaking process under the Administrative Procedures Act and make the regulatory process more transparent, agencies more accountable and regulations more cost-effective.

The House action comes one week after the chamber passed two other NAHB-supported regulatory relief measures – the REINS Act and the Midnight Rules Relief Act. The Reins Act would require Congress to approve all federal regulations that have an annual economic impact of $100 million or more.

The Midnight Rules Relief Act would allow Congress to examine under the Congressional Review Act multiple regulations pushed through by an outgoing administration.

Due to their importance to the housing industry, NAHB designated passage of all three regulatory relief bills as “key votes” and will push for their approval in the Senate. However, the association faces an uphill battle given the 60-vote filibuster threshold needed to advance legislation in the upper chamber.

For more information, email Alex Strong at NAHB or call him at 800-368-5242 x8279.

Comments (2)

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  1. Gary says:

    Re the REINS act, it’s not just the annual impact NAHB should be concerned about, but the long term impact, even more important. Loose lending regulations led to a major recession in this country and beyond. Is NAHB trying to stifle efforts to keep that from happening again? Also one needs to consider the health of our people. There needs to be balance, true, but concern for the people of our country is the responsibility of the government and I expect them to exercise that responsibility.

  2. H crowell says:

    Why did the impact for new regulations start at $100,000,000 instead of something of value like $100,000 or less???
    Each of these cost increases add up quick. that is why our formerly $100,000 house is now $700,000

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