A bill that would give the controlling party of either chamber of Congress veto power over any major new regulation passed the House of Representatives Wednesday.
The measure, dubbed the Regulations From the Executive in Need of Scrutiny -- or REINS -- Act, would require Congress to sign off on any new rule estimated to cost more than $100 million. It passed 241 to 184, with a handful of Democrats crossing the aisle.
The REINS Act is only the latest of a slew of bills aimed at peeling back regulations, which House Republicans have pushed for in the name of cutting red tape and freeing up businesses. The GOP sees the regulations as overbearing rulemaking by unelected bureaucrats.
"Who do the regulators answer to? No one," said Rep. Ted Poe (R-Texas) in debate on the House floor.
"When the regulators go to work everyday, like most people go to work, their work assignment's a little different," Poe said. "In my opinion, they sit around a big oak table, sipping their lattes. They have out their iPads and their computers, and they decide, 'Who shall we regulate today?' And they write a regulation and send it out to the masses and make us deal with the cost to that."