(DailyVantage.com) – In a rare display of bipartisanship, House Republicans and a not-insignificant number of Democrats voted to pass a bill that would rein in some of President Biden’s fiscally irresponsible executive orders.
H.R. 347, otherwise known as the REIN IN Act, would curtail the president’s ability to pursue inflationary executive orders.
The bill, which glided through the House with a 272-148 majority, would make it incumbent on the president’s administration to thoroughly examine any executive order that would require $1 billion or more in federal expenditures. So, in theory, an executive order that exceeded the threshold and was found to be inflationary could be squashed by the president’s own administration.
On Tuesday, House Committee on Oversight and Accountability Chairman James Comer (R-KY), one of the key sponsors of the bill, remarked that the REIN IN Act “ensures that costly actions the President decides to take…will not go into effect until he’s informed of and considers the potential inflationary effects.” Comer went on to refer to some of Biden’s economic policies as an “inflationary onslaught on our economy.”
Representative Elise Stefanik, another co-sponsor of the bill, referred to the administration’s fiscal policy as “Bidenflation”. In essence, Stefanik posited, this bill would act as a “check” on Biden and his administration.
Representative Burgess Owens (R-UT) tweeted on Tuesday that the legislation would “increase transparency on the inflationary impacts” of Biden’s executive orders.
This comes just days after a new Fox News poll showed that inflation remains a top issue with voters. According to the poll, 57% of respondents say they have less money today than they had last year. The survey also found that inflation is by far Biden’s weakest point, with 31% approving of how he’s handled the matter.
The REIN IN Act now heads to the Senate, where its fate is uncertain.
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