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Bill > S973
US S973
US S973LIBERATE Act Locating the Inefficiencies of Bureaucratic Edicts to Reform And Transform the Economy Act
summary
Introduced
03/12/2025
03/12/2025
In Committee
03/12/2025
03/12/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to establish a task force for regulatory oversight and review.
AI Summary
This bill establishes the "Regulatory Oversight and Review Task Force," a group designed to critically examine and potentially modify federal regulations that might hinder U.S. business competitiveness. The task force will consist of 20 members, including the Director of the Office of Management and Budget (who will chair the group), a representative from the Office of Information and Regulatory Affairs, and 16 private sector individuals appointed equally by Senate and House leadership. These private sector members must have expertise in areas like regulatory policy, economics, law, or business management, with at least two from each appointing group representing small businesses and no more than two members from each group belonging to the same political party. The task force will create a public-facing website to collect recommendations about regulations that potentially create barriers to business, increase operating costs, impact energy production, restrict mining, or inhibit economic growth. They will submit quarterly and annual reports to Congress and, annually, propose a special message recommending specific regulations for repeal. The bill provides a streamlined process for Congress to consider and potentially eliminate these regulations, with specific procedural guidelines for debate and voting in both the House and Senate. Notably, task force members will not receive compensation, and the initiative will be funded through existing Office of Management and Budget resources.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 03/12/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/973/all-info |
BillText | https://www.congress.gov/119/bills/s973/BILLS-119s973is.pdf |
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