The GOP continues to fight back against President Biden’s administration, with their latest effort being a bill that requires the White House to assess the inflationary effect of his executive orders before they are issued.
The bill has received support from dozens of House Democrats, resulting in an easy pass with a 272-148 vote.
The REIN IN Act, sponsored by House Oversight and Accountability Committee Chairman James Comer and House GOP Conference Chair Elise Stefanik, aims to put a stop to the costly policies imposed by the Biden administration, which the GOP believes is the root cause of the highest inflation levels in decades.
Under the REIN IN Act, any executive order with an annual budgetary effect of $1 billion or more will be studied by the administration for possible inflationary effects on the economy. Republicans hope that this will make President Biden think twice before imposing costly new rules on the public.
However, Democrats have rejected GOP arguments, with some insisting that the massive spending bills, like the $1.9 trillion American Rescue Plan, helped to tame inflation. Rep. Alexandria Ocasio-Cortez even claimed that because of the Inflation Reduction Act that Democrats passed last year, the U.S.’s inflation rate is now lower than in the U.K., Canada, and 20 other European Union member states.
Republicans have cited two examples of Biden executive orders that have had inflationary effects: one that revoked the Keystone XL pipeline permit and another that requires the government to move toward buying only electric-only vehicles over the next decade.
The GOP has vowed to control congressional spending now that they run the House and argued that Biden also needs to be put in check because he is too casually issuing orders that lead to higher prices for Americans.
Inflation is hurting American families, and the REIN IN Act aims to force President Biden to recognize it. According to Stefanik, inflation is crippling businesses and family budgets, and Congress needs to pass the bill.
Chairman Comer added that the REIN IN Act ensures that costly actions taken solely under the president’s own authority through e