Bill > HR1963

This bill, known as the "Agency Accountability and Cost Transparency Act of 2025," requires the heads of federal agencies to take specific steps when proposing major rules, which are defined as regulations that could have an annual economic impact of $100 million or more, significantly increase costs, or negatively affect competition and employment. Before implementing a major rule, agency heads must estimate the rule's total cost to the public, identify existing rules that could be repealed to offset these costs, and actually repeal those identified rules. When publishing a major rule in the Federal Register, agencies must include a statement declaring whether the rule is "budget neutral," which means the rule's cost is exactly equal to the costs eliminated by repealing other rules. The bill broadly defines "rule" to include interpretative rules, policy statements, and agency guidance documents, while excluding certain specific types of rules like those relating to agency management or organizational procedures. This legislation aims to increase transparency and ensure that new federal regulations do not increase overall regulatory burden by requiring agencies to balance new rules with repeals of existing regulations.

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https://www.congress.gov/bill/119th-congress/house-bill/1963/all-info