Bill > S712

This bill, known as the Regulation Decimation Act, would require federal agencies to repeal at least 10 existing regulations before issuing any new regulation or major rule. A "major rule" is a significant regulatory action with substantial economic impact, typically defined by specific legal criteria. For a new major rule, agencies must not only repeal 10 related existing rules, but also ensure that the new rule's cost is equal to or less than the rules being repealed, which must be certified by the Administrator of the Office of Information and Regulatory Affairs. The bill applies to rules that impose costs or responsibilities on non-governmental entities or state and local governments, but excludes rules about internal agency policies, procurement, or rules being revised to reduce burden. Additionally, the bill mandates that within 90 days of enactment, each agency must submit a report to Congress reviewing its existing rules to identify those that are costly, ineffective, duplicative, or outdated. Furthermore, the President must submit a report to Congress within 5 years detailing the number of rules in effect and the progress made in reducing regulatory restrictions. The overall goal of the bill is to streamline federal regulations and reduce regulatory burden on businesses and governments.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/712/all-info