Bill > H2761

This bill aims to reform the regulatory process to promote job growth by establishing new oversight mechanisms for state agencies and their rules. It introduces a "Committee," the 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. Agencies must now file adopted rules with this Committee simultaneously with the Secretary of State. The Committee can approve, propose amendments to, or disapprove rules, with specific procedures outlined for each outcome, including the possibility of the General Court sustaining a disapproval. Furthermore, the bill enhances regulatory analysis requirements, mandating agencies to prepare a detailed analysis if requested by certain officials or a group of 300 citizens, which must include an assessment of benefits, costs, and cost-effectiveness compared to alternatives. Agencies will also be required to review their existing rules every six years to minimize economic impact on small businesses and submit a report on this review. Finally, any state grant exceeding $500,000 will necessitate a detailed cost-benefit analysis submitted to the Committee, outlining the selection process, job creation expectations, and other grants received by the recipient.