S. Rept. 116-311: Regulations from the Executive in Need of Scrutiny Act of 2019, Report to Accompany S. 92, December 14, 2020 [open pdf - 335KB]
From the Purpose and Summary: "The Regulations from the Executive in Need of Scrutiny Act of 2019 (REINS Act) revises the Congressional Review Act of 1996 (CRA) to increase accountability and transparency in the Federal regulatory process. The CRA, which originated from a desire to instill more active congressional control over a rapidly growing body of Federal regulation, created an expedited process for Congress to review and disapprove any rule after it is issued by a Federal agency. The REINS Act would amend the CRA by adding a mandatory congressional approval procedure for major agency rules before they can go into effect. By requiring prior congressional approval for major rules, regulations will be more carefully crafted and the regulatory process will be more accountable to the American people."
S. Rept. 116-311; Senate Report 116-311
U.S. Government Publishing Office: http://www.gpo.gov/