Bill > HR710

This bill, known as the "Regulation Decimation Act," introduces a new requirement for federal agencies when creating new regulations. Under this legislation, agencies would be prohibited from issuing a new rule without first repealing at least ten existing rules that are related to the new regulation. For major rules (significant regulations with substantial economic impact), agencies face an additional constraint: they must repeal ten related rules, and the cost of the new major rule must be equal to or less than the cost of the repealed rules. The Office of Information and Regulatory Affairs must certify the cost comparison for major rules. The bill requires agencies to review their existing rules within 90 days of enactment and submit a report to Congress identifying costly, ineffective, duplicative, or outdated regulations. Furthermore, the President must submit a report every five years detailing the number of rules in effect and the progress made in reducing regulatory burdens. The legislation applies to rules that impose costs or responsibilities on non-governmental entities or state and local governments, with exceptions for internal agency policies and rules being revised to reduce burdens. This bill aims to streamline federal regulations and reduce regulatory complexity and cost.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/710/all-info