House Votes To Rein In Feds Today

The House today votes on a bill to sharply rein in federal regulatory agencies, the Associated Press reports. Backed mainly by Republicans, the bill would make it harder for agencies to establish new regulations without Congressional approval. It's aimed at rules likely to cost industry more than $100 million. Under current law, Congress must pass a joint resolution signed by the president to stop new regulations. The bill is unlikely to pass the Democratically controlled Senate. The Office of Management and Budget recommended that the president veto it, should it reach his desk.