Reining In Wisconsin’s Regulatory State

Gov. Scott Walker and Wisconsin are once again showing conservative reformers nationwide how to get the job done. This month, lawmakers sent Walker the first state version of the REINS Act to be passed by a legislature, and Walker, who has championed the reform, is expected to sign the bill soon.

The REINS Act, introduced by state Sen. Devin LeMahieu (R-Oostburg) and state Rep. Adam Neylon (R-Pewaukee), restores much-needed transparency to the rule making process by requiring that the costliest of regulations receive approval from the full legislature before taking effect. The need for this reform is clear.

Our jobs and our businesses have become so heavily regulated by unaccountable government agencies that a 2016 survey of U.S. small business owners revealed that an average of “4 hours per week is spent dealing with government regulations and tax compliance, which totals to over 200 hours per year.”

This growing regulatory burden at the federal and state levels represents a threat to both our economy and our democratic institutions.

Under the REINS Act, any regulation costing businesses, local governments or the public $10 million or more over a two-year period will require approval by the legislature.

It’s a change that’s long overdue.

Read more of this Forbes op-ed by Eric Bott by clicking here.

Photo: AP Photo/Scott Bauer, File