The big, beautiful tax bill winding its way through the House and Senate just got a lot better.

The House Judiciary Committee, chaired by Rep. Jim Jordan of Ohio just posted the draft text of its portion of the bill yesterday and it’s a banger.

They would amend the Congressional Review Act (which allows Congress to rescind costly regulatory agency regs) to correct its biggest design flaw. Even if the House and Senate vote to overturn a regulation, the president who issued the regulation can use his veto to save his own rules (except when the presidency has just changed hands). This delegates way too much law making authority to the Executive Branch.

Under the new process proposed by Jordan, any regulation that has a budgetary effect would require affirmative majority approval by the House and Senate to take effect.

This would restore to Congress its role under the Constitution of deciding on issues related to the cost of government, which regulations absolutely are. As we reported last week, Heritage research shows that a regulatory freeze would reduce the federal deficit by more than $1 trillion over the next decade.

This would prevent the regulatory pendulum from swinging wildly with each presidential election and stop another unchecked regulatory spree like the ones we had under Obama and Biden in the next left-wing administration.

Kudos to Chairman Jordan.