Bill > SB2287

This bill amends Mississippi state law to require agency rules with a significant economic impact to automatically expire after five years. Specifically, the bill defines a "rule with significant economic impact" as any regulatory requirement that would cost more than $1,000,000 annually to comply with, as determined by a cost-benefit analysis prepared by the agency. All existing rules with significant economic impact that were adopted before July 1, 2025, will expire on July 30, 2030, and any new rules with significant economic impact adopted on or after July 1, 2025, will automatically expire within five years of their effective date. The bill includes exceptions for temporary rules and rules subject to review by the Occupational Licensing Review Commission. This legislation aims to ensure periodic review and potential modification of costly regulations, potentially reducing long-term regulatory burdens on businesses and individuals by requiring agencies to periodically reassess the necessity and impact of their most economically significant rules. The bill will take effect on July 1, 2025.

Business and Industry

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2287.xml