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The REINS Act of 2024 amends the Congressional Review Act to require that major rules issued by federal agencies cannot take effect unless Congress enacts a joint resolution of approval. Major rules are defined by economic impact thresholds and must be submitted to Congress with detailed cost-benefit analyses and supporting documentation. If Congress does not approve a major rule within 70 legislative days, the rule is automatically deemed not approved and cannot take effect, though the President may allow a 90-day emergency implementation period under specified circumstances.
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