House Passes REINS Act, President Promises Veto

Yesterday, the House passed the REINS Act on an almost exclusively party-line vote, 241-184.  All the House Republicans voted for the bill, as did four Democrats.  Thought the bill passed the House, it’s not about to be enacted into law.  The Senate is unlikely to take up the bill and President Obama has promised to veto the REINS Act should it somehow reach his desk.

My posts on the REINS Act are indexed here.