WASHINGTON – Congressman Thomas Massie (R-KY) has signed on as an original co-sponsor of the REINS Act. This bill aims to curb unchecked and costly regulations.
“Overregulation stifles economic growth and hurts small businesses,” said Rep. Massie. “It is vital that Congress act to overhaul our regulatory process.”
American small businesses spend roughly $10,500 per employee due to federal regulations. This annual regulatory burden of $1.75 trillion leads to higher consumer prices, reduced wages, and fewer jobs.