Administrative Procedures Act; regulations having an economic impact over One Million Dollars must be ratified.
Impact
The REINS Act is designed to alter the legislative landscape surrounding administrative rules within Mississippi significantly. It places a new requirement on state agencies whereby they must submit an economic impact statement that estimates the costs and benefits of a proposed rule or significant amendment. By enforcing a legislative oversight mechanism, the bill is expected to slow the introduction of new regulations that could impose substantial economic burdens on businesses and individuals, thereby attempting to foster a more business-friendly environment. Conversely, this could delay necessary regulations aimed at public welfare and safety, raising concerns among advocacy groups.
Summary
Senate Bill 2301, also known as the Mississippi Regulations from the Executive in Need of Scrutiny (REINS) Act, aims to amend Section 25-43-3.105 of the Mississippi Code of 1972. The bill establishes that any administrative rule or regulation which has an economic impact exceeding one million dollars will be considered void unless ratified by the Legislature. The intent behind the legislation is to ensure that state regulations that could significantly affect the economy undergo thorough scrutiny by the elected legislative body before they can take effect, thus increasing accountability in the regulatory process.
Contention
Notably, contention surrounding SB2301 arises from the balance it seeks to establish between economic concerns and regulatory oversight. Proponents claim that this legislation will protect businesses from potentially harmful regulations that could impose excessive compliance costs. However, opponents argue that the bill may hinder the ability of state agencies to implement essential regulations swiftly, especially in times of urgent need, such as public health crises or environmental protections. This debate reflects broader philosophical divides regarding the role of government in regulating business and ensuring public safety.
Notable_points
The bill's provisions convey that if the Legislature does not ratify a proposed rule, the agency must withdraw it entirely, complicating the regulatory process. The required economic impact assessment must include analyses on small businesses and potential alternative methods for achieving similar regulatory goals, which further illustrates the intent to promote thorough consideration of substantial economic implications of government regulations.