(LibertySociety.com) – With a slim majority in the House of Representatives, Republicans are looking to fight against policies of the Biden administration that are believed to have caused inflation to soar as high as it has over the last two years. According to Fox News, lawmakers have introduced a bill, called the REIN IN Act, that would require a review process by the administration for any executive order signed by the President that would cost Americans over 1 billion dollars in a fiscal year. Under the Biden administration, there are several orders that would fall under that requirement.
In December of 2021, President Biden signed an executive order requiring the federal government to stop purchasing gas-powered vehicles, excluding certain military vehicles and space vehicles, by the year 2035. The Biden administration claims that switching its annual purchase of 50,000 gas-powered vehicles to electric vehicles will reduce emissions by 65% by the year 2030. According to Fox News, Representative Elise Stefanik, R-NY, ripped Biden’s economic policies, stating that “Every hardworking family is forced to pay more,” adding that his failed policies affect everything people have to purchase in their every day lives.
Another executive order that drew an enormous amount of uproar was President Biden’s order to stop all construction of the Keystone XL pipeline, which he signed on his first day in office. Jobs were lost, economic growth was stagnated, costing billions of dollars. The lawmakers behind the new legislation say that this action put pressure on energy prices, resulting in their inflation.
The lawmakers who introduced the REIN IN Act, including Representative Jason Smith, R-MO, Representative Patrick McHenry, R-NC, Representative James Comer, R-KY, and Conference Chair, Representative Elise Stefanik, R-NY, say that the new legislation will exclude executive orders that are written that total over 1 billion dollars in the event of a national security issue or funding issued to states for emergencies. It remains to be seen if a bill like this would make it through the Senate, but Republicans are determined to try and sway their colleagues on the other side of the aisle by showing them the cost of these policies to the American people. They’ll reportedly be holding a vote on the matter next week.
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