To amend chapter 8 of title 5, United States Code, to provide that major rules of the executive branch shall have no force or effect unless a joint resolution of approval is enacted into law.

Bill 119 hr 142, also known as the Regulations from the Executive in Need of Scrutiny (REINS) Act, aims to amend chapter 8 of title 5, United States Code. The main purpose of this bill is to require that major rules created by the executive branch must be approved by a joint resolution of Congress before they can take effect.

Under the REINS Act, any major rule proposed by the executive branch would have to be submitted to Congress for approval. A major rule is defined as any regulation that has an annual economic impact of $100 million or more, has a significant impact on the economy, or imposes a major cost on individuals or businesses.

If Congress does not approve the major rule through a joint resolution within a certain timeframe, typically 70 legislative days, the rule would not be able to take effect. This would give Congress more oversight and control over the regulations created by the executive branch. Supporters of the REINS Act argue that it would help to prevent overreach by the executive branch and ensure that major regulations are thoroughly reviewed by Congress before being implemented. Critics, however, are concerned that the bill could hinder the ability of the executive branch to effectively regulate important issues. Overall, the REINS Act seeks to increase transparency and accountability in the regulatory process by requiring congressional approval for major rules created by the executive branch.