Explanation of H.R. 277 in Layman's Terms

H.R. 277, also known as the Regulations from the Executive in Need of Scrutiny Act of 2023 or the REINS Act of 2023, aims to increase accountability and transparency in the federal regulatory process.

The Act requires that major rules created by the executive branch must receive approval through a joint resolution passed by Congress in order to have legal effect. This means that Congress must review and approve major rules before they can be implemented.

Some key provisions of the Act include:

1. Definition of major and nonmajor rules
2. Requirement for federal agencies to submit detailed information on proposed rules to Congress
3. Establishing procedures for Congressional review and approval of major rules
4. Exemption for rules related to monetary policy
5. Review of rules currently in effect and automatic expiration of rules not approved by Congress

The Act also includes provisions for budgetary effects of rules subject to Congressional approval and calls for a study by the Government Accountability Office to assess the number of rules in effect, the number of major rules, and the economic costs of these rules.

Overall, the goal of H.R. 277 is to ensure that Congress has a more active role in overseeing and approving major rules proposed by the executive branch, enhancing accountability and oversight in the regulatory process.