Bill > HR3175

This bill, the Regulation Reduction Act of 2023, requires federal agencies to repeal existing regulations before issuing new ones. Specifically, agencies must repeal at least two existing regulations before issuing a new regulation, and at least three existing regulations before issuing a major new regulation, with the cost of the new major regulation being equal to or less than the cost of the repealed regulations. The bill applies to regulations that impose costs or responsibilities on non-governmental entities or state/local governments, but excludes internal agency policies or regulations being revised to be less burdensome. The bill also requires agencies to review their existing regulations and report to Congress and the Office of Management and Budget on those that are costly, ineffective, duplicative, or outdated.