Congressional oversight when money matters

The REINS Act is about having Congress approve any regulatory decision anticipated to cost more than $100 million. It’s purpose is to provide oversight and accountability to regulator excess. Johnathan Alder makes an interesting point about the debate on the merits of this bill.

What’s so interesting watching this debate, however, is how many opponents refuse to make them, relying instead on inaccurate and fanciful characterizations of the bill. It’s telling when opponents of legislation are unable or unwilling to describe it accurately when making their case.

The commentary on Alder’s post illustrates his point quite well. The flame throwers aren’t very careful about keeping their ‘magnificent insights’ in the realm of reality and reason.

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