The bill would generally require a federal agency to repeal at least 10 existing rules before issuing a new rule. When practical, the repealed rules must relate to the new rule. For a major rule, the agency must also ensure that its cost is no greater than the cost of the repealed rules, with that comparison certified by the Office of Information and Regulatory Affairs. The requirement applies to rules that impose costs or responsibilities on people, businesses, or state and local governments. It excludes certain internal agency or procurement rules and revisions that reduce burdens. Agencies must review their rules and report to Congress and the Office of Management and Budget within 90 days. The President must report to Congress on rule totals and reductions within five years.
If you or your organization is subject to a covered rule, the bill could require an agency to repeal 10 or more rules before issuing a new one. The bill does not specify which rules agencies would repeal. It also requires agencies to identify rules they consider costly, ineffective, duplicative, or outdated.
The bill does not specify administrative expenses or funding. For a major rule, it requires the cost of the new rule to be no greater than the cost of the rules repealed, as certified by the Office of Information and Regulatory Affairs.
No publicly available information.
No publicly available information.