Bill > H2829

This bill proposes regulatory reforms aimed at promoting job growth by enhancing oversight of state agency rules and regulations. It establishes a joint committee on state administration and regulatory oversight, which will review adopted rules to ensure they are valid, necessary, and reasonable, and that agencies have followed proper procedures, including providing analyses of the rule's impact on small businesses. Agencies will be required to file adopted rules with this committee and may need to prepare more detailed regulatory analyses if requested, examining the costs and benefits of proposed rules and alternatives. Furthermore, agencies must periodically review their existing rules every six years to minimize economic impact on small businesses and submit reports on these reviews. Finally, any state grant exceeding $500,000 will require the awarding agency to submit a detailed cost-benefit analysis to the joint committee, including information on the selection process, job creation expectations, and other state grants received by the recipient.