Small business owners, represented by the National Federation of Independent Business (NFIB), are urging legislators to override Governor Josh Stein’s veto of House Bill 402, also known as the REINS Act. The session to consider this override is set for July 29.
NFIB State Director Gregg Thompson expressed disappointment with Governor Stein’s decision. “Our members are deeply disappointed in Governor Stein for vetoing important legislation that would protect Main Street businesses from costly government overreach,” he stated.
House Bill 402 mandates that any new state rule costing $20 million or more over five years must receive approval from the General Assembly. It also aims to expand the review process for other costly regulations, thus amplifying small businesses’ voices when new rules are under consideration.
“This bill is about fairness and accountability,” Thompson explained. He highlighted the challenges small-business owners face, including rising costs and labor shortages, arguing they should not be surprised by expensive regulations passed without input from elected officials.
Governor Stein opposed the bill in June, claiming it would limit state agencies’ capabilities. In contrast, Thompson believes it would provide small businesses an opportunity to voice concerns and shield them from restrictive rules that could hinder growth and job creation. While the Senate approved the bill with a veto-proof majority, the House fell short by one vote.
“Small businesses deserve transparency, accountability, and a seat at the table,” said Thompson. “NFIB supported HB 402 during the regular session and will be watching closely as the legislature considers a veto override.”
