Increased Transparency of Economic Regulations: New Information for Citizens
This new law aims to increase the transparency of government agencies' rulemaking processes. It will provide citizens with easier access to information about planned and enacted regulations, including their potential costs and impact on jobs. This will help people better understand how new rules might affect their daily lives and finances.
Key points
Government agencies will monthly publish detailed information on planned regulations, including their objectives and legal basis.
Citizens will learn whether agencies analyze the costs and benefits of new regulations and their estimated impact on the economy and job numbers.
Most new regulations will only take effect 6 months after public information about them is available, allowing time for review.
Annual cumulative reports will include data on all proposed and finalized regulations, their costs, and agency actions to repeal or reduce them.
Expired
Additional Information
Print number: 117_HR_2779
Sponsor: Rep. Good, Bob [R-VA-5]
Process start date: 2021-04-22